New Zealand Finance Minister Nicola Willis unveiled the nations’ Treasury half yearly update on Wednesday. New Zealand is expected to see annual CPI for FY24 at 3.3%, down from 4.1% forecast in previous reading.

Key quotes

“New Zealand to see slower growth than forecast in half yearly update.”

“Sees annual fy24 GDP at 0.1% down from 1.5% forecast in half yearly update.”

“Sees annual fy25 GDP at 2.1% up from 1.5% forecast in half yearly update.”

“Sees annual fy24 CPI at 3.3% down from 4.1% forecast in half yearly update.”

“Scenario is not a fiscal forecast as does not include all information from government entities