Optimists turn pessimists as Iran war drags on
ANALYSIS: The Treasury’s latest thinking won’t be clear until the May 28 Budget.
A disruption to fuel supplies could have serious consequences for the New Zealand economy.
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Two weeks ago, the Treasury seemed full of optimists. But now the pessimists have taken over, and for good reason. As the Iran war shows no signs of abating, the economic implications for New Zealand get ever worse.
Finance Minister Nicola Willis was happy to share the Treasury’s more benign
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