Author: Bill Kaye-Blake, NZIER

Statistics New Zealand recently announced that New Zealand posted 0.2 per cent growth in the fourth quarter of 2010, narrowly avoiding a double-dip recession.

Forecasts for 2011 are scarcely better: the IMF has lowered its forecast growth for the year to 1 per cent, while the New Zealand Institute of Economic Research (NZIER) is forecasting only 0.3 per cent growth. Read more…