BUDGET 2017: NZ economic growth seen peaking at 3.8% in 2019

Thu, 25 May 2017

By Rebecca Howard May 25 (BusinessDesk) - (BusinessDesk) – New Zealand’s economic growth is tipped to peak in 2019, boosted by ongoing population growth, investment, and a new family incomes package announced in Finance Minister Steven Joyce’s maiden budget. Growth, however, then tapers off as net migration subsides, construction growth eases and rising interest rates begin to bite. While the economy expanded less than expected this year as exports, residential investment and business investment grew at a slower pace than anticipated, “g...

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