A story I wrote for the NZ Herald Capital Markets report:
A strong economy is boosting interest in NZ assets, as ASB’s Henry Withers tells Bill Bennett.
After a significant, extended boom riding the back of high commodity prices Australia’s economy has now slowed.
Henry Withers, ASB general manager corporate banking, says that as a result, a rebalancing between the Australian and New Zealand economies is under way that is leading to an increase of trans-Tasman investor interest in New Zealand assets.
“Our economy is stronger than Australia’s at the moment. We’re seeing better relative GDP growth, here forecast GDP growth is 3 per cent compared with 2.4 per cent in Australia.