New Zealand’s (NZ) Treasury is out with its pre-election Economic and Fiscal Update (PREFU) for this year, with the key takeaways found below (via Reuters).
NZ govt sees unemployment rate to peak at 7.8%, down from 9.8% forecast in budget.
Sees June quarter GDP at -16%, down from its previous forecast of -23.5%.
Sees 2020 GDP -3.1% (Budget -4.6%); 2021 GDP at -0.5%.
Sees 2020 net debt 27.6% of GDP (budget 30.2%).
Sees net debt rising to 55.3% of GDP in 2024.
2020 cash balance NZD23.692 bln (budget NZD-32.031 bln)
Forecasts shallower virus slump, longer impact.
Market reaction
Despite slightly better economic forecasts, NZD/USD remains on the offers while defending the 0.6700 level amid pre-Fed caution trading.
The spot trades at 0.6715, down 0.07% on the day.
Dicetak ulang dari FXStreet， hak cipta semua dimiliki oleh penulis asli.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang