On the mend, but imbalances a risk - Quarterly Predictions, March 2013
27 February 2013
The New Zealand economy is recovering from one of the deepest and longest recessions in living memory. The recovery over the past three years has been grudgingly slow. But reviving credit growth, housing investment and the accelerating Canterbury rebuild suggest 2013 and 2014 will be better than the past four years.
We expect economic growth of 2%-2.5% over the next few years. This is an improvement from the less than 2% growth per year over the past three years, but slow compared to past recoveries.
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.
You can read the full media realease here.Go Back