PREFU: No Recession, Economy Grows, Jobs and Wages Rise miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Economy to grow 2.6 percent on average over forecast period Treasury not forecasting a recession Inflation to return to the 1-3 percent target band next year Wages set to grow 4.8 percent a year over forecast period Unemployment to peak below the long-term .
LiveNews Provides news reports of information as it happens in real time of politics, business, the economy and also reports on global issues and events from a New Zealand viewpoint.
In the face of a deteriorating global economy and tax revenue failing to meet Treasury’s forecasts, the Government is requiring public agencies to find permanent savings including through cutting back on contractors. It is also reducing future budget .