Bagrie on NZ economy

Stuff reports:

The year ahead will be one of “pure economic expansion” for , says chief economist Cameron Bagrie.

He cites falling unemployment, strong net migration, steady salary growth and the strong NZD.

“New Zealand's economic model basically blew up in 2008.

“It was a big wake-up call.”

Businesses got back to basics, focusing on reducing debt, improving productivity and collaborating more within industries, he said.

Two years ago the biggest problem facing many businesses was a lack of customer demand but now the biggest problem was trying to meet demand which required the right skilled to do so, he said. …

's economy is in a very different place to New Zealand's, he said.

“They're looking for plan B and they can't find plan B. New Zealand had to find plan B after the GFC and 'll tell you what we found plan B, C, D and E.”

It should indeed be a good year.

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