Regional snap: Rural backbone and tourism bright spots
But rising interest rates and falling house prices to weigh on spending, Westpac says.
Rural incomes are expected to improve and help spending.
The latest regional snapshot of New Zealand suggests areas with a strong rural backbone will show resilience in the next 12 months, along with tourism hotspots.
Westpac’s Regional Roundup , released this morning, suggested an overall softer outlook for the economy, with some regions showing
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