S&P Global Ratings warns NZ to face tough times in short-term

Slowing global economy to weigh on NZ. (Image: Unsplash)

Tue, 27 Jun 2023

S&P Global Ratings expects New Zealand’s economic activity to pick up over the next two years but said the short-term environment will be tough, particularly as the global economy slows.“We forecast growth of 0.2% for 2023, followed by 1.7% and 2.5% in 2024 and 2025, respectively,” said S&P Global Ratings economist, Vishrut Rana.It had previously expected 0.8% growth for 2023, according to the latest Economic Outlook Asia-Pacific Q3 2023: Domestic Demand, Inflation Relief Support Asia's Outlook.Higher interest rate...

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