Govt books still in check as growth seen slowing

Govt books still in check as growth seen slowing
Paul McBeth
Slightly slower economic growth and increased capital spending barely shifted the dial in the half-year outlook for the government’s accounts.                                                  Treasury officials trimmed their forecast for annual economic growth to 2.2 percent for the year ending June 30, down from the 2.4 percent forecast at the Budget in May. Growth is then seen rising to 2.8 percent in the 2021 year, before slowing to a pace of 2.4 percent in 2024, a slightly smaller peak than expected in May. That slowing pace of growth...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024