NZ's economic outlook: still a slog ahead

Airports like Queenstown's are heaving, but capacity constraints are stifling growth. (Image: NZME)

Fri, 02 Sep 2022

Will the Treasury follow the lead of the Reserve Bank of New Zealand in its economic projections for the half-year economic and fiscal update (HYEFU) in December?If its does, expect some major revisions to the fiscal numbers.The Reserve Bank’s leadBeyond the inflation battle, uncertainties and risk, the Reserve Bank of NZ's (RBNZ) August monetary policy statement forecasts had three key themes:A deeper business cycle slowdown is needed to contain inflation, with the economy barely avoiding a recession in 2023.Greater acceptance of sup...

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