Free Trial

The latest NZIER Consensus Forecasts....>

NEW ZEALAND: The latest NZIER Consensus Forecasts expects "a slight downward
revision to the growth outlook for the next two years. Expectations of weaker
household and Government spending over the next two years drive much of the
moderation. Household spending has been very strong in recent years, but there
are signs this is starting to slow as consumer confidence eases. Meanwhile, the
outlook for investment has been revised up for the coming year. This is largely
a timing issue - forecasters now expect a faster ramp up in residential
construction, but weaker activity in subsequent years. Capacity constraints in
the construction sector remain a key uncertainty weighing on the construction
outlook, which is reflected in the wide variation in these forecasts. The labour
market is expected to remain tight, with the unemployment rate forecast to head
gradually towards 4.1 percent by 2022. This is expected to flow through to
higher wage growth later in the projection. Inflation is expected to remain
contained, with annual CPI inflation expected to oscillate around 2 percent over
the next few years."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.