New Zealand Finance Minister Grant Robertson announced the Budget 2021 on Thursday, giving thrust to spending and in bringing the economy back to pre-COVID levels. "This year's Budget is still in the shadow of COVID-19, and its focus is to secure our recovery from its impact," Robertson said in his speech.The economy is forecast to grow 2.9 percent this year. Growth is seen accelerating to 3.2 pe...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.