Consensus Forecasts, March 2011

Earthquake delays recovery until 2013

Economic forecasters believe the past year was weaker than previously thought, and the recovery has been delayed due mainly to the second Canterbury earthquake, according to the latest NZIER Consensus Forecasts Survey.

Each year NZIER devotes some of its resources to undertake and make freely available economic research and thinking aimed at promoting a better understanding of New Zealand’s important economic challenges. The preparation of this paper was funded from those resources.