BNZ economists are forecasting that economic growth in New Zealand will stall completely next year and "the danger is that the wheels well and truly fall off". And they say the house price falls that have started will get worse. In the BNZ's latest Economy Watch publication, the bank's head of research Stephen Toplis says the chances of the New Zealand economy moving into recession are "rising by the day". "New Zealand’s economic 'imbalances' continue to be exposed at a time when the global economy is increasingly coming under duress," he says. "The policy measures taken to 'fix' these issues are getting more and ... (full story)