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Investor Presentaiton

New Zealand Economy · • • • • • • • WNZL economic forecast growth above 3% GDP over next 2 years Economy experiencing growth on back of . . • Construction activity associated with growing population Price recovery for key NZ exports including Dairy Tourism now NZ's major export earner Strong employment outlook Well managed fiscal position Interest rate outlook flat Currency outlook flat High household debt but manageable serviceability Housing shortage expected to prevail for some time 10
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