NZ economic growth slows to sustainable pace as one off-boosts fade: NZIER

Tue, 25 Nov 2014

By Suze Metherell Nov. 25 (BusinessDesk) - Slowing global growth and the overvalued Auckland housing market are key risks to New Zealand's economy, which is slowing to a more sustainable pace, says Shamubeel Eaqub, chief economist at the New Zealand Institute of Economic Research. Annual economic growth will average 2.5 percent over the next five years, according to the institute's quarterly economic predictions. With little inflation both domestically and globally the institute sees no reason for the Reserve Bank to raise the official ca...

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