Treasury Weekly Economic Update - 22 May 2020
treasury.govt.nz/publications/weu/weekly-econ...Posted May 22, 2020, 1:46 AM UTC
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Posted May 22, 2020, 1:46 AM UTC
We're doing it NZ, we're beating the recession too!
Interesting to see Hamilton having the biggedt bounceback in traffic
Retail spending showing a huge rebound under Level 2.
Total on Jobseekers hits 188k but growth is starting to slow.
GDP predicted to be down about 25% during June quarter. Australian prediction for same period is 10%.
House prices still 8.5% higher than last year but number of sales through the floor. Demand for housing predicted to decline.
NZ population reached 5 Million people in March 2020.