2 Mar 2010

Treasury predicts economy will continue to recover

12:01 pm on 2 March 2010

The Treasury is forecasting the economy will continue to recover despite the housing market slowing down at the beginning of the year.

In its summary of economic indicators for February, the Treasury says economic activity has continued to increase in line with its December forecast.

The Treasury is particularly confident about the manufacturing and construction industries.

Exporters should also do well, it says, because of strong recovery in Australia and Asia, together with the lower value of the New Zealand dollar, means