Seven years of economic famine - Quarterly Predictions, June 2012

30 May 2012

Half way through a tough adjustment

“The economy is stagnant. There is little economic growth and the outlook is challenging. Low interest rates are not encouraging new borrowing and investing, as we pay down debt or deleverage. Periods of deleveraging typically last seven years; we still have the second half of the adjustment to traverse”, NZIER’s Principal Economist Shamubeel Eaqub said today.

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. 

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