• View Shows
  • Catch up on

° °
  • The Paul Henry - TV3 New Zealand

    Paul Henry

    Weekdays 6am

  • Newshub - TV3 New Zealand

    Newshub Live

    Nightly 6pm

  • Newshub - TV3 New Zealand


    Mon-Thu 7PM

  • Three 60 - TV3 New Zealand

    Three 60

    Sundays 9.30am

  • The Nation - TV3 New Zealand

    The Nation

    Sat 9:30am / Sun 10am

Recovery could take years - English

Friday 21 Dec 2012 6:54 a.m.

Bill English (Photo: Jared Mason)

Bill English (Photo: Jared Mason)

Finance Minister Bill English admits it could be three years before New Zealanders start seeing some light at the end of the economic tunnel.

Economic forecasts this week paint a subdued picture, with Treasury revising down its growth forecasts to around 2.5 percent in two years' time.

Mr English says this has been a long, slow recovery, but New Zealand is in a better position than the eurozone.

"[Compared to] those large economies with virtually no growth, we're on track to a moderately positive outlook. People will be able to continue to get some wage increases and see the creation of some new jobs."

Mr English says New Zealanders have adapted to changing times by spending less and saving more.


Others Are Watching

comments powered by Disqus