The fiscal update is no Christmas present for the government – but signs of a slow recovery are there
- Written by Stephen Hickson, Economics Lecturer and Director Business Taught Masters Programme, University of Canterbury
After a slow economic year, many New Zealanders are eyeing 2025 with uncertainty but also a degree cautious optimism. Interest rates are dropping and unemployment rates remain below expectations.
However, Treasury’s Half Year Economic and Fiscal Update revealed a sluggish economy and weaker tax take than was expected. Government spending was...
