Talk Money: February 16
A new report says economic growth will slow to 2.2 percent this year before picking up again.
The latest ASB Quarterly Economic Forecasts say the economy has slowed because of weak dairy prices and slower construction growth. But it should get a boost from lower interest rates and a lower dollar. That should see growth increase late this year and through next year.
Growth of 2.2 percent compares to 2.9 percent for the twelve months to September 2015.
ASB Chief Economist Nick Tuffley says if you strip out the effect of population increases then economic growth would be almost flat.