Chapter of economic bad news closing - ASB
New Zealand’s economy is putting recession in its rear-view mirror, with the recovery expected to pick up next year, ASB’s latest Quarterly Economic Forecast says.
ASB chief economist Nick Tuffley says Kiwis can look forward to a year of renewed momentum after a turbulent year marked by recession.
The outlook is positive, driven by lower interest rates, resilient exports, and renewed consumer confidence.
The housing market is expected to regain momentum, with first-home buyers in a strong position because of lower interest rates and more choice...MORE»
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MORE»RBNZ has probably done cutting with OCR now at 2.25%
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