New Zealand Finance Minister on Iran war, Treasure forecastd:
- inflation could hit 7.4% in 25/26 under worst case scenario
- real GDP growth at 0.8% in 2025–26 under worst case scenario
- forecasts unemployment at 5.7% in 2025/26 under worst case scenario of oil at $180/barrel
Adds:
- New Zealand economic recovery is delayed, not derailed
- High/y unlikely oil will hit $180
