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17 Mar 2014
NZ economy will grow strongly - NZIER
FXStreet (Bali) - According to the NZIER (New Zealand Institute of Economic Research) the economy will grow strongly in the next 2 years.
NZIER key points
GDP is expected to rise from 2.9% in March 2014 year to 3.6% the next year, with exports to grow strongly in future years, following the under-performance due to severe drought in parts of the country.
Dairy production looks also set to stay string after recovering strongly from the 2013 summer drought. As per the labour market, it will improve – more jobs, fewer unemployed and wages will grow.
With regards to inflation, it is expected to pick up towards 2.5% over the next few years, with prospects for the 90 day rate to rise to 3.6% by 2015.
NZIER key points
GDP is expected to rise from 2.9% in March 2014 year to 3.6% the next year, with exports to grow strongly in future years, following the under-performance due to severe drought in parts of the country.
Dairy production looks also set to stay string after recovering strongly from the 2013 summer drought. As per the labour market, it will improve – more jobs, fewer unemployed and wages will grow.
With regards to inflation, it is expected to pick up towards 2.5% over the next few years, with prospects for the 90 day rate to rise to 3.6% by 2015.