All eyes on next week’s economic, fiscal update
Politics: Forecasts of unemployment peaking near 10% now down; ASB now says 6.5%.
As Christmas approaches, the economic tidings look more favourable than earlier in the year.
That is not to say all is rosy. The ASB still expects economic activity to have shrunk 3% by the end of the year but that is way better than its expectation during the March/April lockdown of a 6-7%
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