Ponsonby streets welcome shoppers in Auckland, New Zealand, on Feb. 18, 2021. Greg Bowker/Getty Images
New Zealand’s economy—which is emerging from what Treasury admits is a “protracted recession”—is set to outperform Australia’s, according to the latest Westpac forecast.
The banks’ senior economist, Satish Ranchhod, has released new research comparing the two trans-Tasman economies and says Australia will be outperformed by its neighbour in the next few years.
