Economist Cameron Bagrie says in the latest update six months ago, various scenarios were presented.

He says it seems we're on track with the downside prediction.

Treasury will unveil its half yearly economic and fiscal update at 1pm.

>> More Business News

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17 Dec: Auckland's property market's lagging - as sales rise nationwide

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17 Dec: Salaries are growing at a faster rate than inflation

16 Dec: The average New Zealand home chews twice as much data each month, as its Australian counterpart

16 Dec: New Zealanders are spending more as Christmas shopping gets into full swing

16 Dec: Annual inflation looks to be heading towards just over two percent by the end of the year

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Auckland's property market's lagging - as sales rise nationwide More...

Today's News

Entertainment:
Candace Cameron Bure doesn't want to be a "pushy" mother-in-law 12:29

Law and Order:
A man has critical injuries after two people stole his vehicle in Hamilton overnight 12:27

Business:
Auckland's property market's lagging - as sales rise nationwide 12:17

Cricket:
England have dominated the opening session against the Black Caps on day four of the dead rubber third cricket test in Hamilton 12:07

Entertainment:
Britney Spears "can't wait" to see her family at Christmas 11:59

Rugby League:
Manly NRL coach Anthony Seibold has been handed a two-year contract extension to stay at Brookvale until 2027 11:57

Entertainment:
Ariana Madix wants to have an "even better" year in 2025 11:29

International:
Uncertainty for Syrian refugees as Assad regime's fall brings optimism about heading home 11:17

Accident and Emergency:
One person's been airlifted to Nelson Hospital with serious injuries following a crash near the summit of Takaka Hill 11:07

Politics:
WorkSafe is promising health remains key -- as it confirms a restructure and more job cuts 11:07

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