Eurozone crisis forms economic backdrop for 2012

Key highlights Europe remains the main source of risk to global prosperity for 2012. Ongoing financial market volatility will remain an issue for local businesses and investors to deal with. NZ will continue to be supported by interest rates and commodity prices – as long as a deep European crisis is averted.     Report prepared by: Nick Tuffley ASB Chief Economist Phone: +64 9 301 5659 Fax: +64 9 302 0992