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

New Zealand Treasury statement, pre-election economic and fiscal update:

• forecasts the jobless rate at 4.8% in 2023/24 vs. earlier at 5.0%
• forecasts economic growth in Q2 2023, Q3 2023 and Q4 2023
• increases bond program by NZ$9bn over four years
• sees annual average
  GDP growth of 1.3% in 2023-24
• sees budget deficit
  of NZ$11.4bn in 2023-24
• return to budget
  surplus delayed one year to 2027

NZD/USD little changed circa 0.5910.