New Market Study Published: New Zealand Business Forecast Report Q3 2012
Core Views With households still in the midst of deleveraging and weakening external conditions, New Zealand's real GDP growth is likely to remain very weak in 2012, and our 1.7% forecast is below consensus expectations of 2.1%. More painful cutbacks will be necessary, but as the domestic savings rate rises, the country's vulnerability to external shocks will decline in line with a strengthened net exports outlook. The interest rate cutting cycle, while had been on hold for Q112, is not...
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