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Treasury warns of recession next year

While the economy is expected to be anaemic in 2023, the Government books are still expected to bounce back into surplus the following year.

The Treasury is forecasting recession next year.

Brent Edwards Wed, 14 Dec 2022

The Treasury is forecasting the New Zealand economy will be in recession next year, shrinking by 0.8% by the end of December.

But in the near-term, economic conditions remain buoyant with the Treasury picking the economy to have grown 1.8% in the second half of this year. While it is pessimistic

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Treasury warns of recession next year
Politics,
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