NZ economy in pain for longer, reaching ‘turning point’
Treasury update today paints more realistic outlook for economy after prolonged downturn.
The Beehive, Treasury, and RBNZ in central Wellington.
New Zealand has been in a deeper economic downturn for longer than previously expected, with the recovery to start slightly later next year, according to the Treasury.
Its Half-year Economic and Fiscal Update (Hyefu) today has presented a pessimistic set of forecasts, while the Budget Policy
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