NZIER is now forecasting slower than expected economic growth -- of 0.2 percent in the year to March this year, and 0.6 percent in the year to March next year.

Nicola Willis says New Zealand has some tough months ahead of it.

She claims the last government "mismanaged" the economy.

>> More Business News

Other Business News

27 Sep: A change in how farmers are using their land - is having flow-on effects for meat processing plants

27 Sep: A Waikato farming company, director and farm manager have been convicted of unlawfully discharging dairy effluent

27 Sep: KiwiRail's taking a financial hit, from falling freight volumes and weather-related outages

27 Sep: Auckland Council has exceeded its saving goals - and put a record amount into assets

27 Sep: Health NZ will be weighing up the two options for the new Dunedin Hospital

27 Sep: A sad day for Timaru -- with hundreds of meatwork jobs potentially on the line

27 Sep: An independent review's found the current plan for Dunedin Hospital, is 'probably not achievable' within its current budget of 1.88 billion dollars

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