NZ’s underlying economic momentum is weak, reforms needed: OECD

Strong inward migration has been helping prop up NZ’s economy, but that won’t last, an OECD report says. (Image: Getty)

Fri, 06 Dec 2024

“Feeble economic growth” and easing labour market tensions are helping lower inflation in New Zealand, but reforms are needed for a strong and sustained economic recovery, anOrganisation for Economic Co-operation and Development's second half-year report states.New Zealand's economic momentum “remained weak” in the second half of 2024, and the economy was expected to expand by just 0.6% this year, according to the Organisation for Economic Co-operation and Development’s (OECD) latest economic outlook.Migrat...

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