New Zealand's Finance Minister warns of a gloomy economic outlook due to high interest rates and inflation.

New Zealand's Finance Minister, Nicola Willis, warns that the country's official growth forecasts will indicate a gloomy economic outlook, as high interest rates and inflation dampen sentiment and activity. The Treasury Department projections are set to be included in the government's Budget Policy Statement, which is scheduled for release on March 27. Economists predict that New Zealand narrowly avoided a double-dip recession in the second half of 2022.

March 15, 2024
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