BUSINESS BREAKDOWN: Solid growth seen for NZ economy

Tue, 26 May 2015

May 27 (BusinessDesk) - The NZ Institute of Economic Research's quarterly predictions has delivered an upbeat assessment of New Zealand’s economic outlook, projecting jobs growth and shrinking unemployment, and the continuation of low interest rates. The economy is expected to grow at about 3 percent a year out to 2017. The institute estimates 130,000 jobs will be created over the next two years, with the unemployment rate dropping to 5.2 percent by early 2017, from 5.8 percent currently. Wage growth will be "somewhat muted" at about 2.5 per...

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