‘Wafer thin’ surplus forecast, as high interest rates hit economy
Economic growth could average 1.5%, while unemployment could peak at 5.2%, according to the Treasury.
Treasury today published the Half-Year Economic and Fiscal Update.
Higher interest rates will linger for longer and delay a meaningful recovery in New Zealand’s economy, with a “wafer thin” surplus expected in 2026/27.
Treasury published its Half-Year Economic and Fiscal Update (Hyefu) today, reinforcing economic activity remained slow, as previously forecast
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