NZ Treasury: Weak economy threatens Treasury forecasts

New Zealand’s (NZ) Treasury said in a statement on Wednesday that “weak economy threatens Treasury forecasts.”

NZ Treasury said it is considering additional spending and revenue solutions.

Meanwhile, NZ economist McLeish noted that he sees recent data indicating economic weakness.

Market reaction

NZD/USD is flirting with intraday lows near 0.6115, modestly flat on the day.