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NZ economy shaken but not stirred
NZ economy shaken but not stirred
Source: BusinessNZ
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The New Zealand economy continues to prosper with nearly all key indicators pointing to respectable annual growth of around 3.5 percent, according to the BusinessNZ Planning Forecast.
BusinessNZ Chief Executive Kirk Hope says sectors such as construction, tourism and agriculture continue to show solid longer-term prospects although the recent earthquakes may put a dent in tourism’s short-term prospects.
"Consumer confidence is strong as a result of strong employment growth, low interest rates and low inflationary pressures.
"Meanwhile, increasingly healthy surpluses are forecast at government level."
Mr Hope said the international environment was less benign, with risks of isolationist and protectionist policies in some parts of the world indicating threats to free trade.
The BusinessNZ Planning Forecast incorporates BusinessNZ’s Economic Conditions Index (ECI) which tracks 33 economic indicators including GDP, export volumes, commodity prices, inflation, debt and business and consumer confidence.
The BusinessNZ Planning Forecast for the December 2016 quarter sits at 16, up 1 on the previous quarter and down 4 on a year ago.
The BusinessNZ Planning Forecast for the December 2016 quarter is on www.businessnz.org.nz.
ENDS
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