Three developments shift Treasury's view on economy

Rebecca Howard
Wed, 17 Jun 2020

Three developments shift Treasury's view on economy
Rebecca Howard
Wed, 17 Jun 2020
Three major developments since the May Budget have changed the Treasury's view on how things are unfolding due to covid-19, according to Secretary Caralee McLiesh.  The Treasury’s economic scenarios for the budget were finalised on April 17 and it still expects the New Zealand economy will face the sharpest contraction on record in the June quarter, followed by a prolonged recovery, McLiesh told Parliament's finance and expenditure select committee. However, since that time “three major developments have affected our view of the outlook.”...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
NATO holds its most important summit in generations
The Economist | Mon, 27 Jun 2022

Jacinda Ardern becomes the first NZ prime minister to attend a NATO summit, this week in Madrid. The meeting marks a crucial moment in the alliance's approach to both Russia and China, says The Economist.

The $200m question: funding free public transport in Auckland
Oliver Lewis | Mon, 27 Jun 2022

A new report outlines four possible solutions to a $200m question.

China’s Economy Improves in June From Lockdown-Induced Slump
Bloomberg | Mon, 27 Jun 2022

Relaxation of covid restrictions helped revive China's economy in June, but the housing sector remains sluggish, metal prices are down and consumers are wary about venturing out to shop.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.