BUDGET 2016: Households, migrants and tourists to keep economy chugging

Thu, 26 May 2016

By Pattrick Smellie May 26 (BusinessDesk) - Population growth, tourism, construction and low interest rates will underpin a robust economic outlook for the next four years, but the Budget forecasts show little change in growth rates from those forecast in the Budget a year ago. Rather, the latest Budget forecasts show strong employment growth in low productivity industries such as house construction and the hospitality industry making up for another year of weak export commodity prices to maintain current growth rates. “Over the foreca...

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