Is the current pace sustainable?

Wozniak, Rozanna
December 2004
Chartered Accountants Journal;Dec2004, Vol. 83 Issue 11, p30
The article presents information on the economy of New Zealand. The author reports that the New Zealand economy has been growing at a rapid pace. Although most New Zealanders would like to believe that a growth rate of close to 6% is sustainable, unfortunately it is not, unless productivity improves markedly. One of the main risks to the inflation outlook stems from the labour market. Two other significant risks to the inflation outlook are oil prices and a possible fall in the New Zealand dollar from its recent highs.


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