As usual, the main threat to the cheerful domestic outlook is that we will be sideswiped by some shock from the other 99.8 per cent of the world economy. Related Content Brian Fallow: Climate change not just about carbon Brian Fallow: China's debt a recipe for risk Brian Fallow: Who shares the gains of growth? The international context is one of sluggish economic growth and even weaker growth in world trade. New Zealand economy may be whistling a happy tune but it sits inside a world economy which resembles a boat with an underpowered outboard motor. The IMF, in its world economic outlook released this week, has cut its forecasts yet again.

Source: New Zealand Herald October 06, 2016 17:37 UTC