Flash: New Zealand economic expansion to continue through 2015 - Westpac

FXstreet.com (Barcelona) - Westpac Economists has published a forecast for the next 10 years in New Zealand, in which solid growth is expected to continue through 2015 only to slow in the second half of the decade.

Key Quotes

"In the second half of the decade, the Canterbury rebuild are expected to wind down and the housing market to cool."

"New Zealand’s trend GDP growth is expected to slow to 2.1% as a result of population aging."

"We expect long-term interest rates to be slightly below historical averages, and the exchange rate to stay historically high."

"We expect inflation to average above 2%."