The economy is going through its slowest recovery from a downturn in 80 years, and the biggest risk is a slowdown in Australia, according to economic forecasting group NZIER. In its latest Quarterly Predictions, NZIER says the trudge out of the gloom would take another two to three years. In a slow and patchy recovery, the New Zealand economy is expected to grow 2.1 per cent in 2013 and only slightly better at 2.6 per cent in the following year. Canterbury's rebuilding would add to growth but would take longer than most economists expected, NZIER said. And the biggest risk to the outlook is a slowing Australian ... (full story)