Economy charts

Budget forecasts are no sure thing

Andy Fyers
Thu, 20 May 2021

BusinessDesk analysed the accuracy of almost a decade's worth of Budget forecasts delivered in the period from 2011-2019.
Andy Fyers
Thu, 20 May 2021
When the Budget is unveiled it will come with a raft of forecasts for the economy, national income and balance sheet.There's a tendency to report these forecasts as though they are set in stone.So, it is worth keeping in mind that all economic forecasts come with a high degree of uncertainty. To get a sense of the margin of error that you might want to factor into the Budget outlook, BusinessDesk analysed the accuracy of almost a decade's worth of Budget forecasts delivered in the period from 2011-2019.Many of the forecasts deliver...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure
Ports of Auckland powers down robotic terminal after incident
Brent Melville | Fri, 18 Jun 2021

Ports of Auckland curtailed automated operations and will revert to manual work in the wake of software problems that led to a straddle carrier bashing into a stacked container

Transport
‘Bundle of issues’ with EV rebates
Jem Traylen | Fri, 18 Jun 2021

'Serious questions' are yet to be answered about how the government's electric vehicle will work.

Infrastructure
'Crisis point' for inner city businesses impacted by CRL
Brent Melville | Thu, 17 Jun 2021

Businesses impacted by ongoing construction in downtown Auckland say appeals for financial support have fallen on deaf ears, spilling over into demonstrations at Auckland Council.

Sponsored
Centuria provides new opportunities for industrial property investors

Centuria Capital is embarking on its second capital raising since merging with Augusta Capital in 2020.

Sponsored
Innovating kiwi food production to sustain global communities

New Zealand farmers have the opportunity to contribute to sustainably feeding global communities while producing fewer carbon emissions.