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