Economy

Budget 2019: NZ economic growth boosted by govt spending before fading

Rebecca Howard
Thu, 30 May 2019

By Rebecca Howard May 30 (BusinessDesk) - New Zealand’s economic growth is initially underpinned by Finance Minister Grant Robertson’s first “well-being budget” but that growth is forecast to gradually fade. Risks - particularly international risks – remain skewed to the downside. After an initial pop higher, growth is now forecast at 2.6 percent on average over the next five years. Robertson remained upbeat. “While this is a lower growth rate than what we have seen in recent years, it is still well ahead of forecasts for other advance...

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