The New Zealand Institute of Economic Research (NZIER) is an economic consultancy
This from a survey of economists
NZIER reports the consensus inflation forecast from survey marked lower for 2017/18
- 1.1% inflation in year ending March 31 (1.5% projected in June survey)
- 1.9% inflation in 2018-19 (vs 2%)
GDP:
- 2017-18 annual average growth 2.9% (3.1%)
- 2018-19 annual average growth 3.4% (3.1%)
Forecasts lowered also for employment growth
- Little change seen for wages growth