RBNZ: Table - summary of economic projections
Press Release
Reserve Bank Of New Zealand
Table
1
Summary of economic projections
(Annual percentage
change, unless specified
otherwise)
::::::::::Actuals:::::Projections
March
year:::::1999:::::2000:::::2001:::::2002:::::2003
Price
measures
:::::CPI*::::::::::1.0:::::1.7:::::1.5:::::1.6:::::1.7
:::::Wages:::::2.7:::::2.3:::::2.8:::::2.9:::::3.0
:::::Import
prices (in New Zealand dollars)
:::::2.7:::::4.0:::::-3.3:::::-1.3:::::0.4
:::::Export
prices (in New Zealand dollars)
:::::-1.1:::::8.5:::::-4.5:::::-0.9:::::2.2
Monetary
conditions
:::::Nominal MCI (year
average):::::-50:::::-275:::::-150:::::100:::::175
:::::90-day
rate (year
average):::::6.2:::::5.2:::::6.6:::::7.2:::::7.2
:::::TWI
(year
average):::::57.3:::::56.0:::::55.9:::::58.0:::::58.8
Output
:::::GDP
(production, annual average %
change):::::-0.1:::::3.5:::::3.6:::::3.4:::::3.4::::::::::GDP
(production, March qtr to March
qtr):::::1.7:::::3.9:::::3.2:::::3.6:::::3.1
:::::Output
gap (% of potential GDP, year
average):::::-1.8:::::-0.8:::::0.2:::::0.6:::::0.8
Key
balances
:::::Government operating balance
:::::1.8:::::0.4:::::0.7:::::1.4:::::2.1
:::::(% of GDP,
June year average)
:::::Current account balance
:::::-5.8:::::-7.9:::::-5.8:::::-5.5:::::-4.8
:::::(% of
GDP, year average)
:::::Terms of trade (annual average %
change):::::-0.5:::::2.0:::::-0.1:::::0.0:::::1.5
:::::Unemployment
rate (March qtr.
s.a.):::::7.2:::::6.1:::::5.8:::::5.5:::::5.2
:::::Household
savings rate (% of disposable
income):::::-1.5:::::-1.6:::::-1.7:::::-0.4:::::0.2
World
economy
:::::World GDP (annual average %
change):::::1.0:::::3.8:::::3.6:::::3.3:::::3.2
:::::World
CPI
inflation:::::0.9:::::1.9:::::1.8:::::1.8:::::1.8
:::::
Quarterly
projections:::::Sep-99:::::Dec-99:::::Mar-00:::::Jun-00:::::Sep-00
(quarterly
percentage change, unless specified
otherwise)
:::::
:::::CPI::::::::::0.4:::::0.2:::::0.6:::::0.4:::::0.4
:::::CPI
(annual percentage
change)*:::::1.1:::::1.3:::::1.7:::::1.6:::::1.6
:::::GDP
(production,
s.a.):::::2.3:::::1.0:::::0.8:::::0.8:::::0.7
s.a. =
seasonally adjusted
Notes for this table are in Appendix
5
* Up to and including the June 1999 quarter, the series
is the annual percent change in CPIX. From September
quarter 2000, the series is the annual percent change in the
new CPI. For September quarter 1999 to June quarter 2000,
the series is calculated by adding the quarterly increases
in the new CPI to quarterly increases in the old CPI
excluding interest rates and section
prices.