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NZ Weekly Economic Commentary - That's a wrap
It’s been quite a journey for the New Zealand economy over 2021, and our views have ended up in a very different position to what we expected at the beginning of the year. Supply-side shocks resulting from the Covid-19 pandemic have been a talking point throughout the year, but the greater challenge has been getting to grips with the role that strong demand is playing. In some respects, the conditions were already falling into place at the start of the year. New Zealand’s successful approach to eliminating the first Covid outbreak had allowed the economy to quickly regain momentum, largely without restrictions on ... (full story)