Both the Reserve Bank and Treasury are forecasting strong growth for the NZ economy over the March year 2001/02 (i.e. 3.5% and 3.7% respectively).
Though we are expecting a recovery, we believe that the risk of a global economic slowdown is sufficient to suggest that domestic economic growth is likely to be somewhat weaker, averaging approximately 2.8% over the next two years.
ASB Bank's latest quarterly forecasts can be accessed by clicking on the following web address:
Jennifer Innes Economist ASB Bank (09) 374-8848 firstname.lastname@example.org