Economists assess Iran-Israel conflict's impact on New Zealand's economic recovery

Economists are quantifying the risks to New Zealand's economic recovery from potential Israeli attacks on Iran, focusing on oil price shocks. Escalating conflict could significantly increase oil prices, impacting inflation and growth. New Zealand faces a larger net impact than Australia due to its reliance on imports and lack of offsetting export revenue increases. The Reserve Bank of New Zealand's response to inflation and the potential depreciation of the NZ dollar are key factors in mitigating economic fallout.