"The pre-Christmas aftershocks will delay the rebuilding of Christchurch by a few months, the Reserve Bank believes.
Governor Alan Bollard, in a speech to the Canterbury Employers Chamber of Commerce yesterday, said the bank expected a gradual lift in activity over 2012, including demolition and repairs to housing and infrastructure, but that it would be next year before reconstruction got under way in earnest. By 2014 and 2015 it will be boosting economic activity by more than 1.5 per cent a year, the bank forecasts."
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