NZ economy to grow 3.5% in 2017, construction and tourism to grow though Trump, Brexit shadows loom

Thu, 12 Jan 2017

By Sophie Boot Jan. 13 (BusinessDesk) - The New Zealand economy is expected to grow 3.5 percent over the coming year, with construction, tourism and household spending to lift inflation from its record lows, though international political concerns cast a shadow, according to ASB Bank. In the bank's forecasts for 2017, it says the domestic outlook is encouraging, with the overheated housing market expected to cool, though undersupply - particularly in Auckland - and low interest rates will stop house prices dropping drastically. "The cu...

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