ECONOMY

New Zealand Economy Expected to Grow Stronger in 2014-2015

The economy of New Zealand is expected to grow even stronger in the next two years, according to the Institute of Economic Research. A survey of economic forecasts based from various economic and financial agencies said that New Zealand is expected to have a broad-based annual growth rate of 2.8 per cent by March 2014 and 3 per cent in the 2014.
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Retail Banks to Switch Focus in 2014

Retail banks' priorities are set to switch in the next year, with revenue growth taking precedence over cost-control and compliance management. New research* from Ovum, a leading global analyst firm, reveals that although cutting expenditure and complying with regulations will continue to be vital, retail banks must focus on revenue enhancement to provide a sustainable return for stockholders.

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