The Treasury's 2025 economic update reveals a deep cyclical downturn, with a prolonged fiscal deficit and underperformance in real GDP, despite optimistic government rhetoric on recovery and surplus return.
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Because do you see the spending data as real? I mean, how can you see it as anything? There's anything but, but I mean the spending data that's out, yes there's more on petrol, but there's less on just about everything else. So you'd be feeling that as an employer, wouldn't you?
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slowing growth driven by demand reduction
Nick Tuffley: ASB Chief Economist on the expectation the unemployment rate will rise slightlySpotted something wrong on this page? Report a correction.
