Group of 20 leaders have charted a shared path towards a more stable banking system and a stronger global economy.

For the first time in over a year economic growth prospects have been revised upwards, an economic think-tank says.

NZ's recovery from recession will be fuelled by a housing construction boom, with Auckland leading the way, Brendan O'Donovan said yesterday.

Top economists are warning potential home buyers to proceed with caution as another bank drops its variable mortgage rate to the lowest in 40 years.