Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

RBNZ - Summary of economic projections

RBNZ - Summary of economic projections

PRESS RELEASE
RESERVE BANK

Table 1
Summary of economic projections
(Annual percentage change, unless specified otherwise)


::::Actuals::::Projections
March year::::1999::::2000e::::2001::::2002::::2003

Price measures
::::CPI*::::::::1.0::::1.7::::1.6::::1.8::::1.8
::::Wages::::2.7::::2.1::::3.2::::3.5::::3.6
::::Import prices (in New Zealand dollars) ::::2.7::::6.4::::-4.5::::-0.6::::0.1
::::Export prices (in New Zealand dollars) ::::-1.1::::8.4::::-4.0::::-0.7::::-0.2

Monetary conditions
::::Nominal MCI (year average)::::-50::::-275::::-75::::100::::175
::::90-day rate (year average)::::6.2::::5.2::::7.0::::7.5::::7.4
::::TWI (year average)::::57.3::::56.1::::56.1::::57.8::::58.6

Output
::::GDP (production, annual average % change)::::0.0::::4.3::::4.6::::2.7::::2.6
::::GDP (production, March qtr to March qtr)::::1.7::::5.1::::3.5::::2.6::::2.6
::::Output gap (% of potential GDP, year average)::::-2.0::::-0.4::::1.3::::0.9::::0.2

Key balances
::::Government operating balance ::::1.8::::0.6::::1.1::::1.6::::2.0
::::(% of GDP, year to June)
::::Current account balance ::::-5.8::::-8.0::::-5.4::::-5.0::::-5.4
::::(% of GDP, year to March)
::::Terms of trade (annual average % change)::::-0.5::::0.8::::0.5::::0.0::::-0.1
::::Unemployment rate (March qtr s.a.)::::7.2::::6.4::::5.4::::5.3::::5.4
::::Household savings rate
::::(% of disposable income, year to March) ::::-1.5::::-1.6::::-0.8::::-0.9::::-1.4
::::::::
World economy
::::World GDP (annual average % change)::::1.0::::4.0::::4.0::::3.4::::3.5
::::World CPI inflation::::0.9::::2.0::::1.8::::1.9::::2.0


Quarterly projections::::Sep-99::::Dec-99::::Mar-00::::Jun-00::::Sep-00
(quarterly percentage change, unless specified otherwise)

::::CPI::::::::0.4::::0.2::::0.7::::0.3::::0.5
::::CPI (annual percentage change)*::::1.1::::1.3::::1.7::::1.6::::1.7
::::GDP (production, s.a.)::::2.5::::2.2::::0.6::::1.1::::1.1::::

e = estimate

s.a. = seasonally adjusted

*::::This series is annual CPIX inflation until the June 1999 quarter, and annual CPI inflation thereafter (adjusted by SNZ to exclude interest and section prices from the September 1999 quarter to the June 2000 quarter).

Notes for this table are in Appendix 4.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

ALSO:

Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO:

Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>

ALSO: