From the NZ Institute of Economic Research "Consensus Forecasts" published today
- The latest NZIER Consensus Forecasts shows forecasters have pared back growth expectations slightly since the March quarter survey. Activity indicators over the past quarter have been mixed, with global dairy prices continuing to fall but household spending remaining strong
Forecasts:
- Annual average economic growth is expected to ease slightly to 2.8% in 2016
- 2.7% in 2017
- 2.4% in 2018.
- Forecasters expect 0.6% quarterly GDP growth in the March 2015 quarter, when the data is released on 18 June
NOTE: ... The NZIER Consensus Forecasts are an average of New Zealand economic forecasts compiled from a survey of financial and economic agencies. These are not NZIER's forecasts.
Just making this clear ... I was taken to task by the good folks at NZIER for getting this wrong last time!
