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Growth's coming despite "grimmer than expected" economic outlook - tax expert

Author
Newstalk ZB,
Publish Date
Wed, 18 Dec 2024, 8:02am
(Photo / Getty)
(Photo / Getty)

Growth's coming despite "grimmer than expected" economic outlook - tax expert

Author
Newstalk ZB,
Publish Date
Wed, 18 Dec 2024, 8:02am

There’s a view growth is coming, despite a grim outlook for the New Zealand economy. 

The half year economic and fiscal update shows a surplus is not expected until at least 2029. 

Cost savings which have led to job cuts and re-prioritisation in the public sector this year are set to continue.  

Independent tax expert Geof Nightingale told Heather du Plessis-Allan there are green shoots of economic activity. 

He says unemployment's not as bad as it was, and wages are growing, both of which will help with our growth. 

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