Some economists have predicted New Zealand’s economy is heading towards a crash, causing concern across Kiwi households.
Joe Bishop from Kiwi Wealth told RadioLIVE that crashes are much smaller than a crisis, which reflects the entire global economy.
“You’d normally see a crash every six or seven years,” he said.
With consistent economic growth across the last decade, Mr Bishop admits that New Zealand is “a little overdue”.
As the end of money week wraps up, Mr Bishop discusses everything from money challenges to KiwiSaver with Carly Flynn on Weekend Life.
Listen to the full interview with Joe Bishop above.
Money Chat on Weekend Life with Carly Flynn is sponsored by Kiwi Wealth.