Dreary recovery and high global risks - Quarterly Predictions, December 2012
28 November 2012
The New Zealand economy is recovering. But it is slow and will remain so for another 2-3 years. During this slow recovery, jobs and income growth will be modest, businesses will invest only cautiously and interest rates will stay low at least until 2014. Global growth is weak and volatile, as the world is still dealing with the GFC and sovereign debt crises.
The details are in NZIER’s latest Quarterly Predictions – a comprehensive and independent commentary on the New Zealand economy and forecasts covering the next five years. Details and insights are available exclusively to NZIER members.Go Back