NZ's economy seen weakening

From stuff.co.nz

New Zealand's economic growth is at risk of faltering, Treasury warns, with the outlook for growth beyond this year looking weaker than in recent months. In its monthly economic indicators paper, Treasury analysts warned that data published in July pointed to a slipping in economic confidence, with lower export prices and a dampened housing market. "Export values fell sharply in the June quarter as both prices and volumes weakened," the report said. "Import values rose modestly but the exchange rate appreciated, reducing import prices, pointing to a larger increase in import volumes." Pointing to risks of higher ... (full story)