Housing Will First Feel Effects of Downturn

Summary


TARANAKI'S housing market and consumer demand will be the first areas to feel the sting of New Zealand's slowing economy, an economist predicts.

Economist Sean Comber, speaking at the National Bank roadshow in New Plymouth, said growth in the economy was due to fall from 4.8% to 2% next year, because of increased interest rates, a high exchange rate, and decreasing net migration.

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Housing Will First Feel Effects of Downturn

Over the next five years, growth was expected to average about ...

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