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Westpac rural economist: Can we expect a drop in tonight's GDT auction?

Author
Newstalk ZB,
Publish Date
Tue, 7 Nov 2023, 2:32PM

Westpac rural economist: Can we expect a drop in tonight's GDT auction?

Author
Newstalk ZB,
Publish Date
Tue, 7 Nov 2023, 2:32PM

The current economic climate is looking bleak for farmers, and experts are concerned that trend isn't stopping anytime soon.

Westpac's rural economist Nathan Penny weighs in on the worrying fall in lamb prices, a predicted drop in tonight's GDT auction and whether the OCR is set to change in November.

He addressed these concerns with The Country's Jamie Mackay- and explained why rising unemployment is a good thing.

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