Fitch's forecasts include an expectation NZ's vaccine rollout will be slow and further disruptions and closures as a result of new covid-19 cases will keep the economic recovery tentative.
But the carrot comes with a note of caution that tourists will have to pay more to cover the environmental cost of their stay.
Soaring house prices isn't feeding through into household spending as much as expected.
The work is under way but the government won't be rushed into giving dates for the start of the trans-Tasman bubble.
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articles by Pattrick