Global risks, spending constraints to slow New Zealand recovery: forecasts WELLINGTON, Sept. 17 (Xinhua) -- Economists are expecting New Zealand's recovery to be long and protracted, with weakening exports and low spending levels, according to an average of forecasts from banks and economic agencies out Monday.
Economic growth would average 2.6 percent over the next three years, with the rebuilding of the earthquake-stricken Canterbury region a key driver of activity, while households and exports would "contribute modestly," said the Consensus Forecasts report from the independent New Zealand Institute for Economic Research ( NZIER).
