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All in all, this Budget means New Zealand goes further into the red. Debt servicing costs for the coming year will be $9.2 billion. That’s the same as we are forecast to spend on primary schools, secondary schools, and justice combined.
“These markets seem to be pricing in a 70% to 80% chance of a soft landing. I believe the odds are a lot lower than that," the JPMorgan CEO wrote in a letter to shareholders Monday.
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