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New Zealand’s Treasury: ‘Risks to our growth forecasts are rising’

New Zealand Treasury is out with its Monthly Economic Indicators for the month of July, with the key headlines found below.

Mixed messages for growth as labor income continued to grow strongly but retail card spending weakened.

Risks to our growth forecasts are rising as the housing market cools, business confidence weakens, and international trade tensions rise.

Inflation remained subdued, but pressures appear to be gradually increasing.

Strong growth in the US, offset by a weaker outlook for the rest of the world.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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