Moody’s: New Zealand’s budget shows high fiscal flexibility

New Zealand’s ability to raise spending while maintaining fiscal discipline highlights high flexibility, according to Ratings agency Moody’s. 

The ratings agency believes the nation has greater fiscal room to counter shocks than many other Aaa-rated sovereigns. 

Moody’s, however, sees a sharper slowdown in global demand and weaker business investment as prominent risks to New Zealand’s GDP growth.