New Zealand sees three quarters of negative GDP growth in CY23 – by fx_ross NewZealand
In the Half Year Economic and Fiscal Update, the New Zealand Treasury has forecasted three-quarters of a shrinking economy starting in the second quarter of 2023.Forecasts return to budget surplus in 2024-25.To end cut in gasoline tax by March 31.Expect spending to slow and unemployment levels to increase as more people join the workforce over the coming year.Even with the expected slowdown in the period ahead, it is anticipated that the level of employment will remain high.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Zealand bans future generations from buying tobacco under new lawsFuture generations of New Zealanders will be banned from purchasing tobacco as part of a package of new anti-smoking laws that passed parliament on Tuesday and are among the most strict in the world.
Read more »
New Zealand bans future generations from buying tobacco under strict new anti-smoking lawsNew Zealand’s parliament has passed a new set of anti-smoking laws that bans the sale of tobacco to anyone born on or after Jan. 1, 2009.
Read more »
New NXT Tag Champs New Day Headline A New NXT Tonight On USAOur preview of tonight's WWENXT on USA, where we'll see all of the fallout of this past Saturday's NXTDeadline premium live event on Peacock and we'll hear from the new NXT Tag Team Champs TheNewDay. WWE
Read more »
New Zealand Defence Force to retire P-3 Orion planes early, leaves capability gapThe New Zealand Defence Force on Tuesday said it would retire five P-3K2 Orion aircraft five months earlier than planned because of staff shortages, leaving it with few planes for search, rescue and surveillance operations until at least July.
Read more »
Zelenskyy asks New Zealand to focus on war's ecological tollUkrainian President Volodymyr Zelenskyy on Wednesday urged New Zealand to take a leading role in focusing on the environmental destruction his country is suffering as a result of Russia's invasion. Zelenskyy delivered his message via video link to lawmakers who packed the debating chamber at 8 a.m. He became just the second foreign leader to address New Zealand's parliament, after Australia’s Julia Gillard did so in 2011. Zelenskyy said it was possible to rebuild a nation's economy and infrastructure, even though it may take many years.
Read more »
New Zealand Permanently Bans Sale of Tobacco to Anyone Born After 2009New Zealand passed a law on Tuesday that effectively phases out legal tobacco use over the next generation by banning the sale of tobacco products to anyone born after January 1, 2009.
Read more »