Muddling through Europe's sovereign debt issues looks to be the likeliest outcome this year, but a global financial crisis is still only a mis-step away, says ASB chief economist Nick Tuffley.
"Our expectation is that New Zealand will continue with its gradual recovery, on the assumption Europe avoids triggering a global financial meltdown," he said in the bank's latest quarterly forecasts.Link (submitted by Trent)
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