Finance Minister Bill English said in a statement today that recovery from the world recession is expected to be slow as consumer spending is weak, while manufacturers are battling to enhance productivity especially that the New Zealand dollar appreciation against the U.S dollar is hurting the nation's exports, making New Zealand products less competitive.

English added that economic growth won't accelerate till 2010 as household spending remains weak, noteworthy unemployment rate rose to 6.5% in the third quarter and the government expected it to jump to 7% in the first half of next year. The New Zealand dollar rose 26% against its American counterpart this year hurting exports and tourism which account for 40% of the economy.