Wintry economic conditions ahead - Quarterly Predictions December 2010
30 November 2010
NZIER's latest forecasts have been released in our December issue of Quarterly Predictions.
Domestic spending is soft…
“The economic recovery has reversed. We expect wintry economic conditions this summer. Critical indicators like house sales and QSBO domestic trading activity point to a slow finish to the year, even without the destruction and disruption of the Canterbury earthquake in early September. A double dip recession cannot be ruled out, but it is not our central scenario. Instead, we expect weak activity over coming months, before a more sustained recovery from mid 2011,” NZIER’s Principal Economist Shamubeel Eaqub said.
The details are in NZIER’s December 2010 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