Two-fifths of the deficit is cyclical, says the Treasury.
Stats NZ data points to widespread falls in economic activity, with a recession expected this year.
No major red flags for New Zealand after SVB collapse, but RBNZ has tools in place to respond quickly in the event.
Think-tank critical of central bank’s current approach and loss of institutional knowledge.
Food prices rise at the highest rate in more than 33 years, according to Stats NZ.
Reserve Bank of Australia raises cash rate target to 3.6% and points to slowing economy and inflation peak.
University Economics Forum hears from RBNZ’s Orr and Conway on monetary policy, while others put the boot in.
Still plenty of questions hanging over contentious water infrastructure reforms.
S&P says economy in different shape now compared to after Christchurch earthquake.
‘Stark deterioration’ in economic conditions still expected for New Zealand, as OCR rate hikes bite this year.