Budget too bleak on outlook, says S&P
Forecasts assume New Zealand stays on alert for a further 10 months.
Economic forecasts in today’s Budget are too pessimistic, says ratings agency Standard & Poor’s.
Budget documents show the Treasury is expecting real gross domestic product to fall by 4.6% in the year to June and a further 1% the following year.
Substantial operating deficits are forecast
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NBR staff
Thu, 14 May 2020
Thu, 14 May 2020
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Budget too bleak on outlook, says S&P
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