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      "text": "Fletcher Building commissioned Deloitte Access Economics to develop an economic outlook for WPIP in New Zealand and work done in Australia.\nDeloitte Access Economics developed a set of three macroeconomic scenarios (base, downside and upside) current to 9 May 2022 to assess the potential impact of global uncertainties on the New Zealand and Australian economies, and the implications for WPIP / work done.\nDeloitte Access Economics then developed a set of customised economic regression models to test the relationship between key economic variables and WPIP / work done to identify a combination of economic variables with the greatest explanatory power.\nThis was used to develop forecasts for year-to growth WPIP in New Zealand (in 2009/10 prices) and work done in Australia (in 2019/20 prices) based on the Deloitte Access Economics' outlook for relevant economic variables under different scenarios.\nThe outlook for WPIP and work done provided a practical analysis of economic uncertainty and its potential impact on key measures of business activity that are likely to affect Fletcher Building's revenue.",
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      "text": "*Forecasts in this Report are as at 9 May 2022",
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