Podcasts Other The Mike Hosking Breakfast Christina Leung: NZIER Principal Economist on NZIER's predictions of New Zealand's slowing economy

Christina Leung: NZIER Principal Economist on NZIER's predictions of New Zealand's slowing economy

Published: June 17, 2024, 7:44 p.m.

The economy could be slowing down more than expected.\xa0

NZIER is revising down its forecasts for annual average GDP growth to 0.2% in the year to March this year and 0.6% in the year to March next year.\xa0

It says high interest rates are continuing to dampen demand.\xa0

But Principal Economist Christina Leung told Mike Hosking that strong migration growth should ensure the economy starts growing again.\xa0

She says migration is expected to support demand across a range of areas, particularly when it comes to construction.\xa0

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