RBNZ Sees 'Dramatic' Slowing in House-Price Growth

The video discusses the economic risks posed by COVID-19, particularly its impact on tourism in New Zealand. It examines the influence of house prices on consumer spending and monetary policy, predicting a slowdown in house price growth. The discussion extends to inflation trends and central bank policies, highlighting the role of government spending. The global economic environment is analyzed, emphasizing stable inflation expectations and the cautious approach of central banks.

What is the significance of house prices in the context of the economy?

How does monetary policy influence asset values and consumer spending?

What are the implications of government spending on economic recovery?