The Treasury of New Zealand has announced that it will likely lower its economic and fiscal forecasts due to a prolonged decline in productivity in the country. This indicates the ongoing challenges that New Zealand is facing as it deals with economic pressures.

The expected revisions are a result of concerns about the sustainability of growth and the potential impact on fiscal policy. The Treasury's reassessment reflects a cautious outlook for the financial landscape of New Zealand, as productivity is a key driver of economic performance.