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New Zealand’s Economic Growth Forecast to Outstrip Australia’s

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New Zealand’s Economic Growth Forecast to Outstrip Australia’s

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.

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