Satish Ranchhod, senior economist at Westpac, suggests that they still expect the current pickup in activity to be temporary giving way to a period of slower growth as we head into the early-2020s for the New Zealand’s economy.
Key Quotes
“Previous drivers of demand, like population growth and the construction cycle, have now moved into new phases, and going forward will not provide the same boost they once did. In addition, house price growth is set to slow again over coming years, with a battery of demand-dampening policy changes already in place or on the horizon.”
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