A near-term economic pick up is being predicted
A near-term economic pick up is being predicted
21 November 2018
Westpac's latest Economic Overview says it's now clear the economy is improving, defying the crisis of confidence portrayed in business confidence surveys.
Westpac Chief Economist Dominick Stephens expects the economy will continue to improve for a while yet, before a renewed slowdown sets in for the early-2020s.
He says while Auckland and Canterbury are experiencing lacklustre economies, there's a completely different feel in some other parts of the country.
Stephens says local economies are at their most buoyant in years.
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