The recent earthquake in New Zealand may put a small dent in activity in the near-term, but it won’t prevent the economy from growing by around 3.5% next year. In fact, the extra boost to activity from the necessary reconstruction work could mean that GDP growth is even stronger. While the surge in commodity prices will support the Australian economy next year, it’s unlikely to grow by much more than 2.8%. As such, economic growth in New Zealand will be faster than in Australia for the fifth year in a row.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services