Home Venture Capital New Zealand economy to remain sluggish for 2 years, although doing better than expected, figures show | Ap

New Zealand economy to remain sluggish for 2 years, although doing better than expected, figures show | Ap

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WELLINGTON, New Zealand (AP) — New Zealand’s economy is expected to remain sluggish for another two years, although the overall picture is rosier than many observers had feared, according to new figures released Tuesday.

National Treasury released the projections ahead of next month’s election. They showed a slight deterioration from previous forecasts, with lower-than-expected tax collections and high inflation causing persistent headaches.

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