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Insight for Sunday 31 January 2010

  • Insight for Sunday 31 January 2010

    8:12 AM.Is the worst of the recession over? Naomi Mitchell looks at the predictions for how the economy will fare in the year ahead. Audio

A shop offers 60 per cent off in an effort to attract customers

The Finance Minister, Bill English says New Zealand is on the road to recovery.

But although house prices have stabilised, other signs of a healthy economy look far more patchy.

Retail sales have been flat, exports are being hit by a high dollar and perhaps most worryingly, unemployment is expected to remain relatively high for the next three years.

Despite the Government's glee that the worst may be over, the New Zealand economy is still in a hole - just not as deep as it was.

Business Reporter, Naomi Mitchell looks at what lies ahead and the financial reality for companies and wage slaves.

Photos:Two of the many shops trying to attract customers with a sale.

A shoe shop promoting up to 70 per cent off