Brighter 2014; some lingering risks - Quarterly Predictions, December 2013
27 November 2013
The New Zealand economy will grow strongly in 2014. It will be the best performance since 2007, before the recession. It has taken seven years to recover from one of the deepest and longest recessions on record. Household spending is leading the charge, boosted by the Canterbury recovery and a rebound from last summer’s drought. There are some risks: the global economy is still fragile and a soaring Auckland housing market could derail economic and financial stability.
Detailed commentary and forecasts for the next five years are available exclusively to NZIER members.
The full media release can be read here.Go Back