A new report suggests New Zealand’s growth may be easing but it is still at a low risk of recession over the coming year.
The report by the New Zealand Institute of Economic Research says all the signs point to the economy continuing to grow.
But the country remained vulnerable to world events and if the worst happened, New Zealand had some tools to combat the effects.
“New Zealand’s economy is slowing, and indicators are mixed as to whether a recession is on the way over the coming year, but on balance we see little cause for concern that a recession will strike New Zealand in 2020,” Christina Leung, NZIER’s principal economist, said.
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