24 Feb 2015

Canterbury growth tipped to continue

7:21 am on 24 February 2015

The Canterbury Development Corporation is predicting 2015 to deliver a high level of economic growth.

It says 2014 was a strong year in which eathquake rebuilding reached its peak and many insurance settlements were completed.

Corporation chief executive Tom Hooper said the rebuilding was a good stimulus for the local economy but was temporary in nature.

He said was important to focus on strengthening key long-term sectors that would provide jobs once the construction was complete.

However Mr Hooper said the effects of low dairy prices and drought-like weather brought some uncertainty to the region's economy.