Record low unemployment and a tight labour market have led to what might be considered a high level of complacency amongst voters, but scratch below the surface and there are plenty of red flags that should be concerning voters regarding our economic outlook. * Australia tasks new governor with slowing inflation, as NZ food prices soarĪs NZ counts down to its own election in less than six weeks there has been minimal focus on the state of our own economy, with the country in a recession – albeit a technical one for now. * Surging food prices are a risk to managing down inflation Since then the phrase has been considered as much of a truism as you can have in politics. The quip was intended to focus voters’ attention on the fact that the campaign was being held in the middle of a recession, which the Clinton team used successfully to unseat Bush the elder, despite the fact that 90 percent of the country approved of the job that the incumbent President was doing just a year before the election. The phrase, “It’s the economy, stupid,” coined by James Carville, a strategist of former US President Bill Clinton, is widely credited with helping America’s 42 nd president pull off an unlikely election victory in 1992. Restaurant Brands leads earnings downturn, reporting a problem faced by many businesses: margins being severely squeezed due to cost increases
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