But people also form expectations in other ways - from their order book and information in the marketplace and the media. |
Migration has slowed appreciably since 2003 and the residential construction market has caught up with the backlog; so the volume of house construction will return over the next eighteen months or so to levels close to those experienced before the migration surge hit. |
The results of this QSBO survey suggest the economy is presently in the throes of a potential acute slowdown. |
We raise the prospect here that New Zealand has already fallen into a recession. |
When they do return, there is the positive effect of training and ideas and so forth. |
With the Reserve Bank raising interest rates and the currency being high for some time, the pressure is eating into them and their confidence. |