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The New Zealand Treasury notes that.....>

NEW ZEALAND
NEW ZEALAND: The New Zealand Treasury notes that "the higher level of output
expected in the June quarter and better than expected labour market outcomes to
date suggest a less severe rise in unemployment than we anticipated in our BEFU
forecasts. Our most recent estimate is for the unemployment rate to rise to from
4.2% in the March quarter to around 7.5% in the June quarter, and to peak at
about 9.0% in the September quarter, down from 10.0% in the BEFU."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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