Growth outlook to remain low for the next three years, says RBNZ
Productivity still a major issue that needs to be addressed, says chief economist Paul Conway.
The Government's plan for 2025 is 'Going for Growth' to improve the underlying economic outlook.
New Zealand's productivity is now "well below" the OECD average and is weighing on the economic outlook, the RBNZ says.
Chief economist Paul Conway delivered a speech and answered questions today on the long-term outlook for growth and interest rates.
It sets the scene for the Monetary Policy
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