Inflation retreated from a two year high as a temporary fall in fuel prices eased some of the pressures on household and business budgets. Stats NZ data showed the consumer price index rose 0.7 percent in the three months ended September, with the annual ... See more
The economy will recover next year although the extent of the rebound remains clouded by uncertainty. Latest forecasts from economic consultancy Infometrics point to growth picking up pace next year to 2.2 percent from the current 1.7 percent despite the ... See more
A raft of negative factors are set to take the shine off the economy in the near term prolonging pressure on households and businesses, according to Westpac economists. The bank has revised down several of its near term forecasts, particularly inflation. ... See more
Government annual deficit shrinks on better income, lower spending. Deficit for financial year ended June $3b less than forecast. Higher inflation boosts GST receipts, company tax payments up. Govt spending about $1b less than budget. Net debt levels less... See more
The Treasury has confirmed that the government posted a significantly smaller budget deficit on the back of higher tax revenue and lower spending. Treasury figures, excluding ACC finances (OBEGALx), showed a deficit of $8.7 billion for the financial year ... See more
