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Treasury predicts a return to surplus sooner than budget forecast

Inflation to peak at over 5% but unemployment will remain low.

Brent Edwards Wed, 15 Dec 2021

The Treasury is expecting economic growth will slow considerably in this financial year as a result of lockdowns in Auckland and elsewhere.

In its half year economic and fiscal update it is forecasting annual growth of just 0.8% to the end of June next year, compared with 5.1% growth in the year

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Contact the Writer: brent@nbr.co.nz
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Treasury predicts a return to surplus sooner than budget forecast
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