I had a NZ economic data earlier here and here (this link has a good summary fo recent developments in the NZ economy).
Up now, the New Zealand Institute of Economic Research have published its “Consensus Forecasts” for the NZ economy. Major points:
- Economic growth is tipped to accelerate from an estimated 3.1% in the March 2014 year to 3.8% in the coming year
- Growth will moderate in future years, but remain positive
- The recovery is broad: across household spending, investment and exports
- There is more to the growth story than the Canterbury rebuild, although it remains a large component of the longest sustained surge in residential construction since 1981-1986
- The recovery will translate in to more jobs and a pickup in wages growth
- Living costs will also rise, as will interest rates
- Rising interest rates and a positive economic outlook will keep the NZD elevated through the next three years.
