Economists believe New Zealand will not slip into another recession, but warn the recovery is slowing and the economy will remain soft for at least the next six months.
The New Zealand Institute of Economic Research has collated forecasts from economists around the country.
It found that on average, economists believe the economy will grow by 2.6% this year and 3.2% in 2011, before falling to 2.7% in 2012.
However, NZIER principal economist Shamubeel Eaqub says he's less optimistic than others.
He expects growth of 2.2% this year and 1.2% in 2011, before the economy rebounds to grow by 2.9% in 2012.