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)

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

Price measures
------CPIX-------------------------------------------------1.7------1.0------2.2------1.4------1.5
------Wages------------------------------------------------2.6------2.7------2.6------3.1------3.1
------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

Output
------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----------------------------------------0.2------0.5------0.7------0.6------0.3
------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

 

Robertson Speech: Budget Sees Wider Debt Target

"New Zealand is well positioned to face this instability and uncertainty, but we are not immune from its impacts. Growth rates are set to be lower than we have seen in recent years..." More>>

ALSO:

Commerce Commission: Spark Warned Of Broadband Price Rise

The warning follows an investigation into representations Spark made on its website and in emails in August and September 2018, notifying in-contract customers receiving its copper-based broadband service of its decision to increase the price by $5 a month. More>>

Law Commission: Resist Rushing To New “Deepfake” Law

Artificial intelligence techniques can create massive volumes of fake audio, images and video that is incredibly convincing and near-impossible to detect... While it is tempting to respond with new law, the study finds that the long list of current legislation covering the issues may be sufficient. More>>

ALSO:

'Contrary To US Interests': US Lockout Sees Android Ditch Huawei

Effective May 16, 2019, the Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) by adding Huawei Technologies Co., Ltd. (Huawei) to the Entity List. More>>

ALSO: