Economists lower track of NZ economic growth, see subdued inflation

Mon, 18 Jun 2012

By Jonathan Underhill June 18 (BusinessDesk) - Economists have trimmed their forecasts for economic growth over the next two years, reflecting “anaemic” global demand, a subdued local economy and delays in the rebuild of Canterbury, according to the NZIER Consensus Forecasts. The survey shows economists now forecast annual growth in the year ended March 31 was 1.2 percent, down from 1.8 percent predicted in the March survey. Growth in the March 2013 year was cut to 2.1 percent from 2.7 percent and for 2014 was lowered to 3.1 percent from 3.2...

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