Both the Reserve Bank and Treasury are forecasting strong growth for the NZ economy over the March year 2001/02 (i.e.
3.5% and 3.7% respectively).
Though we are expecting a recovery, we believe that the risk of a global economic slowdown is sufficient to suggest
that domestic economic growth is likely to be somewhat weaker, averaging approximately 2.8% over the next two years.
ASB Bank's latest quarterly forecasts can be accessed by clicking on the following web address:
Jennifer Innes Economist ASB Bank (09) 374-8848 jennifer.innes@asbbank.co.nz
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis
grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking,
funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're
dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you
choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.