New Zealand Treasury forecasts unemployment lower than earlier estimated, GDP growth ahead

<p>New Zealand Treasury statement, pre-election economic and fiscal update:</p><ul><li>forecasts the jobless rate at 4.8% in 2023/24 vs. earlier at 5.0%</li><li>forecasts economic growth in Q2 2023, Q3 2023 and Q4 2023</li><li>
increases bond program by NZ$9bn over four years</li><li>sees annual average
GDP growth of 1.3% in 2023-24</li><li>sees budget deficit
of NZ$11.4bn in 2023-24</li><li>return to budget
surplus delayed one year to 2027</li></ul><p>NZD/USD little changed circa 0.5910.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.