economic forecasting is notoriously difficult, but global uncertainty is making it harder
- Written by Michael Ryan, Lecturer in Economics, University of Waikato
Javier Ghersi/Getty ImagesThis year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.
The cut reflects weaker than expected growth owing to global economic turmoil. It also highlights...
Read more: economic forecasting is notoriously difficult, but global uncertainty is making it harder
