Economic recovery: Some green shoots, leaves not so much

The NZ Institute of Economic Research and its deputy chief executive, Christina Leung, expect unemployment to rise this year and peak early in 2026. (Image: NZME)

Staff reporters

Thu, 27 Feb 2025

New Zealand’s economic recovery remains elusive, with the latest quarterly predictions from the NZ Institute of Economic Research saying improving business sentiment has yet to translate into consumer confidence.The NZ Institute of Economic Research's (NZIER) three-monthly predictions for the next year paint a particularly grim picture for residential housing investment and all other forms of capital investment.On an inflation-adjusted basis, housing investment is predicted to decline by 11.3% in the year to March this year and shrink...

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