8 Dec 2009

Treasury questions durability of economic recovery

6:57 am on 8 December 2009

The Treasury says the durability of the economic recovery remains in question as unemployment continues to rise.

In its monthly commentary on economic indicators, it says household consumption remains subdued, while companies are cautious about investing.

However, Treasury says the worst is over, with a pick-up in retail sales, house sales, migration and building consents.