Westpac looks seaward to boost NZ's economy

Aquaculture could be in for a growth period. (Image: King Salmon)

Thu, 20 Feb 2025

Westpac is forecasting the marine economy could be worth $14 billion in 10 years, but it needs plenty of investment and collaboration to grow sustainably.A new Westpac report, A Sustainable Marine Sector, estimates that marine activity now contributes $10b in added value to the New Zealand economy, not counting more difficult-to-measure non-market values. It saw potential to expand economic activity in the “blue economy”, taking advantage of New Zealand’s long coastline and vast exclusive economic zone, the fourth-la...

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