Scoop has an Ethical Paywall
May Monthly Economic Indicatiors
Treasury release: May Monthly Economic Indicatiors (MEI)
The May Monthly Economic Indicators (MEI) was published on the Treasury Website today at 2.30 pm. The report provides a summary of recent economic events :
1. Softening domestic demand and labour market
indicate GDP contraction in March
2. However,
labour market weakness likely overstated and positives such
as tax cuts and high dairy payout to support economy in
second half of 2008
3. Inflation will be higher
than forecast with inflation pressures remaining intense
4. Worst of financial market turmoil possibly over
but real economy effects still relevant
Read more at: http://www.treasury.govt.nz/economy/mei/may08
ENDS
Advertisement - scroll to continue reading
Advertisement - scroll to continue reading
Fix & Fogg: NASA Hand-picks Kiwi Nut Butter Brand To Travel To Space In NZ First
Citizens of the Sea: Sailors To Revolutionise Our Understanding Of Pacific Biodiversity
Netsafe: Making A Splash With Online Safety: Netsafe Launches New Flagship Programme For Kids
NZGBC: Flood Resilience PhD Student Widi Auliagisni Named Future Thinker Of The Year 2024
Business Canterbury: European Free Trade Agreement A Game-changer For Canterbury
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
