Strengthening recovery, but high stakes - Quarterly Predictions, June 2013

29 May 2013

The New Zealand economy is recovering. The underlying pace is gradual, boosted by one-offs, like the Canterbury rebuild, and rapid growth in household borrowing.

We expect economic growth to average 2.5% over the next few years. Two key risks to the outlook are high house prices and households adding to already high levels of debt.

Detailed commentary and forecasts for the next five years are available exclusively to NZIER members.

The full media release can be read here.

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