NZ’s economic foundations ‘have improved’, Finance Minister says in wake of GDP growth

Nicola Willis says the Government’s focused on the country’s long-term economic outlook. 

GDP’s risen 0.8% in the March quarter. 

The Economic Growth Minister says the June quarter won’t be as sunny, as many businesses and households have been hit hard by the Iran war and fuel crisis. 

But she told Mike Hosking the global oil prices are tracking lower than Treasury had forecast. 

She says there’s every reason to believe that flows through to lower prices at the pump, lower inflation, and better prospects for the economy overall. 

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