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The NZ economy will grow only modestly over 2008 as household finances feel the pinch.
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Global economic and financial risks and a weak local housing market pose a challenge.
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Nevertheless, inflation will remain high, meaning lower interest rates are still some way off.
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Report Prepared by:
Nick Tuffley
ASB Chief Economist
Phone: (649) 374 8604
Facsimile: (649) 302 0992
