3 May 2018
New Zealand PM Arden: business can be confident in this government
New Zealand PM Jacinda Ardern was on the wires last minutes, via Reuters, delivering a pre-budget speech in Wellington.
Key Headlines:
Business confidence decline reflects assumptions about her Labour-led government.
Data such as jobless rate and analysis by IMF suggest the economy is in good shape.
Economic growth set to remain strong, averaging 3%.
Unemployment is forecast to fall to government's 4% target.
Wages are forecast to rise on average by more than 3% a year.
Business can be confident in this government.