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

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

March year:::::1999:::::2000:::::2001:::::2002:::::2003

Price measures
:::::Import prices (in New Zealand dollars) :::::2.7:::::11.2:::::-0.6:::::-3.6:::::-1.7
:::::Export prices (in New Zealand dollars) :::::-1.1:::::9.7:::::0.6:::::-3.3:::::-1.5

Monetary conditions
:::::Nominal MCI (year average):::::-50:::::-275:::::-425:::::-150:::::0
:::::90-day rate (year average):::::6.2:::::5.2:::::6.8:::::7.1:::::7.1
:::::TWI (year average):::::57.3:::::56.1:::::52.7:::::55.3:::::57.0

:::::GDP (production, annual average % change):::::0.0:::::4.4:::::3.1:::::3.4:::::2.9
:::::GDP (production, March qtr to March qtr):::::1.8:::::5.6:::::2.0:::::3.4:::::2.9
:::::Output gap (% of potential GDP, year average):::::-1.9:::::-0.1:::::0.3:::::1.0:::::0.8

Key balances
:::::Government operating balance :::::1.8:::::0.8:::::0.9:::::1.7:::::2.4
:::::(% of GDP, year to June)
:::::Current account balance :::::-5.8:::::-8.2:::::-6.1:::::-5.6:::::-6.0
:::::(% of GDP, year to March)
:::::Terms of trade (annual average % change):::::-0.5:::::-0.1:::::-1.8:::::0.6:::::0.4
:::::Unemployment rate (March qtr. s.a.):::::7.2:::::6.4:::::6.1:::::5.7:::::5.7
:::::Household savings rate
:::::(% of disposable income, year to March):::::-1.4:::::-0.7:::::-1.2:::::-1.1:::::-1.1

World economy
:::::World GDP (annual average % change):::::1.1:::::4.1:::::4.0:::::3.4:::::3.5
:::::World CPI inflation:::::0.9:::::2.0:::::1.8:::::1.9:::::2.0

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

:::::CPI (annual percentage change)*:::::1.3:::::1.7:::::2.0:::::2.6:::::2.9
:::::GDP (production, s.a.):::::2.3:::::0.8:::::-0.2:::::0.5:::::0.7

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

© Scoop Media

Business Headlines | Sci-Tech Headlines


OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>


RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>


Conduct Review Response: Banks Commit To Removing Sales Incentives

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More>>

Consumer Report: Insurance Market Complaints And Uncertainty

Consumers are paying more than ever for insurance but they’re not getting a fair deal, Consumer NZ’s latest report on the industry shows. More>>


Workers “Blind-Sided”: Sanford Processing Restructure Plan

Up to 30 jobs – almost half Sanford’s Bluff workforce - could be lost if the proposal to move white-fish processing to Timaru goes ahead. More>>