Why New Zealand is beating Australia in the race that no-one wants to win — to a full-blown recession

 It takes around three hours and 10 minutes to cross the Ditch — the 2,225 kilometre stretch of the Tasman Sea that separates Sydney and Wellington.

But when it comes to interest rate policy, the distance between the two cities has been growing ever wider for the past year.

Where Australia is delicately attempting to navigate what RBA kahuna Phil Lowe describes as "the narrow path to a soft landing", his Kiwi counterpart Adrian Orr appears hell-bent on sending his economy into a tailspin and a fiery crash.

Read More: https://www.abc.net.au/news/2023-04-10/why-new-zealand-is-beating-australia-in-the-race-to-recession/102204022



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