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


Reserve Bank MPS: Summary of Economic Projections

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

------------------------------March year------1998------1999------2000------2001------2002

Price measures
------Import prices (in New Zealand dollars) -------2.9------2.9------1.7------(-0.8)---(-0.2)
------Export prices (in New Zealand dollars) ------4.8------(-1.5)----2.6------(-0.9)----(-0.4)

Monetary conditions
------Nominal MCI (year average)-------------------700------(-50)----(-125)----0------100
------90-day rate (year average)-----------------------8.0------6.2------5.0------5.5------6.0
------TWI (year average)------------------------64.4------57.3------58.0------58.6------59.4

------GDP (production, annual average % change)------2.0------(-0.2)----3.0------3.8------3.5
------Output gap (% of potential GDP, year average)------0.6----(-2.0)---(-1.4)---(-0.2)----0.3

Key balances
------Government operating balance --------------------2.6------2.3------0.3------0.8------1.1
------(% of GDP, June year average)
------Current account balance(1)-----------------------(-6.8)----(-6.5)----(-7.0)----(-5.5)----(-5.3)
------(% of GDP, year average)
------Terms of trade (annual average % change)------(-0.6)---(-0.6)-----(-1.7)-----0.8----(-0.2)
------Unemployment rate (March qtr. s.a.)----------------7.2------7.2------6.8------6.3------5.8
------Household savings rate (% of disposable income)---0.0----0.3------0.0------0.7------1.1

World economy
------World GDP (annual average % change)-------------3.1------0.9------2.8------2.8------2.8
------World CPI inflation------------------------------------2.4------1.0------1.7------1.8------2.0

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

------CPIX (annual percentage change)------1.0------1.2------1.3------2.0------2.2
------GDP (production, s.a.)--------------------0.7------0.5------1.0------1.0------0.8

e = estimate.
s.a. = seasonally adjusted
Notes for this table are in Appendix 4
(1) ex migrants' transfers

© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>


Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>


Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>