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Bank picks NZ economy to grow by 3.1 percent in 4 decades

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Mon, 13 Feb 2012 6:33a.m.

A report released by the bank says our economy will grow by 3.1 percent annually over the next four decades

A report released by the bank says our economy will grow by 3.1 percent annually over the next four decades

New Zealand's economy is expected to grow faster than other developed countries in the lead up to 2050 according to a new report by HSBC Bank.

A report released by the bank says our economy will grow by 3.1 percent annually over the next four decades.

That means New Zealand will be the only developed country to be labelled a 'growth' country -- unlike Australia or Canada.

HSBC predicts that New Zealand's population growth, and investment in education, tools and technology will strengthen the economy.

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Comments

17 Feb 2012 12:27p.m.

Gary wrote:

Yes, this is just a prediction but positive reporting grows confidence in NZ economy. Some of their predictions will be reasonably accurate and others will just be no better than a guess. It is better to have them predicting confidence for future growth and investment than be pesamistic. End of the day you reap what you sow.

13 Feb 2012 07:59p.m.

Mike wrote:

Actually, their predictions are more accurate than the UN's committee for climate change which everyone tends to take as 'Gospel'. Then again the UN had a similar comitte all in the know for Y2K predicting absolute catastrophes.

13 Feb 2012 01:07p.m.

gerald wrote:

These are the same idiots who cvpouldn't predict the GFC of 2007/08 and they try and con us that they know how the NZ economy is going to perform for the next 40 years. What absolute clowns and fools er ah economists are. They don't bloody know what's going to happen next week and yet they blather on about conditions in 2050 !! And main stream media give these morons attention??? All a huge scam, corporates up to their dirty necks in helping to con people again. Was it not banksters who created the financial crisis in the first place, deliberately? This garbage is farcial, and proves beyond any doubt what financial scumbags bank economists are. Mouth pieces for thieves, all of them stinking criminals who should be behinds bars and never allowed out.