New Market Research Report: New Zealand Business Forecast Report Q4 2013
While we have raised our forecast for 2013 real GDP to come in at 2.5%, on the back of improving global sentiment, which is likely to support private consumption growth in New Zealand, we highlight that the uptick driven by stimulus and monetary easing is unsustainable. As such, these upgrades in no way reduce the downside risks that the New Zealand economy continues to face.
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