The New Zealand Institute of Economic Research (NZIER) collate forecasts from economists for the NZ economy.

  • Forecasters have revised up their growth and inflation forecasts
  • Annual inflation is expected to reach the RBNZ's 2% mid-point target by March 2019

Citing:

  • Continued strong migration-led population growth expected to boost household spending and residential construction further over the next few years
  • Businesses are also feeling more confident, and are more optimistic about investment and hiring
  • Underlying trend improvement in employment demand
  • Unemployment rate expected to fall to 4.6% by March 2018
  • Skills shortages becoming more apparent, thus wage growth has been revised up
  • forecasts range from 1.7% to 3.2% for the year to March 2020

For the NZD: