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RBNZ MPS: Table Of Economic Projections

RBNZ MPS: Table Of Economic Projections

Table 1 tc "Table 1"
Summary of economic projections tc "Summary of economic projections"
(Annual percentage change, unless specified otherwise]

Actuals::: Projections"
March year:::2000:::2001:::2002:::2003:::2004 tc "March year:::2000:::2001:::2002:::2003:::2004"

Price measures::: tc "Price measures:::"
:::CPI*:::1.7:::3.1:::21/2:::11/2:::11/2 tc ":::CPI*:::1.7:::3.1:::21/2:::11/2:::11/2"
:::Wages:::1.9:::3.1:::4:::3 1/2:::3 tc ":::Wages:::1.9:::3.1:::4:::3 1/2:::3 "
:::Import prices (in New Zealand dollars) :::11.2:::7.9:::-2:::-2:::0 tc ":::Import prices (in New Zealand dollars) :::11.2:::7.9:::-2:::-2:::0"
:::Export prices (in New Zealand dollars) :::9.6:::20.0:::-71/2:::-1:::11/2 tc ":::Export prices (in New Zealand dollars) :::9.6:::20.0:::-71/2:::-1:::11/2"

Monetary conditions tc "Monetary conditions"
:::90-day bank bill rate (year average):::5.2:::6.6:::53/4:::6:::61/4 tc ":::90-day bank bill rate (year average):::5.2:::6.6:::53/4:::6:::61/4"
:::TWI (year average):::56.1:::50.4:::50:::52:::54 tc ":::TWI (year average):::56.1:::50.4:::50:::52:::54"

Output::: tc "Output:::"
:::GDP (production, annual average % change):::4.6:::2.5:::21/2:::3:::21/2 tc ":::GDP (production, annual average % change):::4.6:::2.5:::21/2:::3:::21/2"
:::GDP (production, March qtr to March qtr):::5.6:::0.8:::3:::3:::21/2 tc ":::GDP (production, March qtr to March qtr):::5.6:::0.8:::3:::3:::21/2"
:::Output gap (% of potential GDP, year average):::0.3:::0.2:::0::: 1/2:::0 tc ":::Output gap (% of potential GDP, year average):::0.3:::0.2:::0::: 1/2:::0"

Labour market tc "Labour market"
:::Total employment:::1.4:::2.3:::11/2:::2:::2 tc ":::Total employment:::1.4:::2.3:::11/2:::2:::2"
:::Unemployment rate (March qtr, s.a.):::6.4:::5.4:::51/2:::5:::5 tc ":::Unemployment rate (March qtr, s.a.):::6.4:::5.4:::51/2:::5:::5"
:::Labour productivity (annual average % change):::2.2:::1.1:::0:::11/2:::1 tc ":::Labour productivity (annual average % change):::2.2:::1.1:::0:::11/2:::1"

Key balances tc "Key balances"
:::Government operating balance:::1.4::: 1/2:::11/2:::2:::21/2 tc ":::Government operating balance:::1.4::: 1/2:::11/2:::2:::21/2"
:::(% of GDP, year to June) tc ":::(% of GDP, year to June)"
:::Current account balance:::-7.1:::-4.8:::-31/2:::-4:::-31/2 tc ":::Current account balance:::-7.1:::-4.8:::-31/2:::-4:::-31/2"
:::(% of GDP, year to March) tc ":::(% of GDP, year to March)"
:::Terms of trade (annual average % change):::-0.1:::3.5:::3:::-4:::11/2 tc ":::Terms of trade (annual average % change):::-0.1:::3.5:::3:::-4:::11/2"
:::Household savings rate:::-4.2:::-31/2:::-21/2:::-3:::-2 tc ":::Household savings rate:::-4.2:::-31/2:::-21/2:::-3:::-2"
:::(% of disposable income, year to March) tc ":::(% of disposable income, year to March)"

World economy tc "World economy"
:::World GDP (annual average % change):::4.5:::3.7:::2:::31/2:::31/2 tc ":::World GDP (annual average % change):::4.5:::3.7:::2:::31/2:::31/2"
:::World CPI inflation:::1.9:::2.9:::2:::11/2:::2 tc ":::World CPI inflation:::1.9:::2.9:::2:::11/2:::2"

Quarterly projections:::Dec-00:::Mar-01:::Jun-01:::Sep-01:::Dec-01 tc "Quarterly projections:::Dec-00:::Mar-01:::Jun-01:::Sep-01:::Dec-01"

:::CPI (quarterly percentage change):::1.2:::-0.2:::0.9:::0.6:::0.6 tc ":::CPI (quarterly percentage change):::1.2:::-0.2:::0.9:::0.6:::0.6"
:::CPI (annual percentage change):::4.0:::3.1:::3.2:::2.4:::1.9 tc ":::CPI (annual percentage change):::4.0:::3.1:::3.2:::2.4:::1.9"


e :::= estimate tc "e :::= estimate"
s.a. :::= seasonally adjusted tc "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). tc "*:::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 5. tc "Notes for this table are in Appendix 5."

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