21 Jan 2013

Exporters likely to sell more but profits limited - economist

8:35 am on 21 January 2013

Looking at what's in store for exporters this year, an economist is predicting New Zealand will sell more to its trading partners but the high New Zealand dollar will continue to erode profits.

However AMP Capital chief economist Bevan Graham says trade with Australia is the exception, as the exchange rate between the two countries remains favourable.

He says further rate cuts across the Tasman will stimulate consumers' appetites for New Zealand goods.

Mr Graham expects a modest pickup in global growth, with the US recording GDP of about 2% and China about 8%.