Grant Robertson: Financial Minister on Treasury's pre-election fiscal update

The Finance Minister is confident in Treasury's prediction that New Zealand will avoid a long-term recession.  Treasury's pre-election update forecasts that Government debt will peak at $185-billion in 2025, and the Government won't return to surplus until 2027.  That's predicted in a forecast that the economy will grow by an average of 2.6% over the next four years.  Grant Robertson told Mike Hosking that he believes Treasury's forecast over the gloomier predictions from some commentators.  He says while growth forecasts have become more an art than a science, the overall trend is line with most other forecasts.  LISTEN ABOVE See omnystudio.com/listener for privacy information.