Mixed outlook for Kiwis
Speaking ten days before the release of the latest official economic survey, Alan Bollard, the governor of the Reserve Bank of New Zealand, admitted on national radio that 2009 would - as for many other economies - be a lost year for the country.
Bollard on Monday estimated that New Zealand had lost at least two years growth during a period he likened to the Great Depression. Bollard said that although there was growing evidence of economic stabilisation, any growth would be modest and from a
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