Lower growth for longer - Consensus Forecasts, December 2011

12 December 2011

The recovery will slower than previously thought, according to the December 2011 NZIER Consensus Forecasts. But the economy will still grow: 2.2% in the year ending March 2012 and then accelerate to 3.0% in 2013 and 2014. The Canterbury reconstruction will be a key driver, with the rest of the economy growing more modestly, averaging 2.2% over the next three years. You can read the full release here.

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