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NZ: Momentum in the economy is set to slow - ANZ

Sharon Zollner, chief economist at ANZ, suggests that their confidence composite gauge of NZ economy continues to suggest momentum in the economy is set to slow.

Key Quotes

“Business sentiment indicators appear to be reflecting factors other than turnover/activity at the moment. We see growth holding up in a 2½-3% range for the foreseeable future, with consumption on a fairly steady path, supported by a strong labour market but capped by high household debt.”

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