New Zealand surveyed economists expect turnaround to slightly better growth in year ahead ...Middle East

New Zealand Institute of Economic Research (NZIER) survey of economists, the latest Consensus Forecasts.

Some of the key items from the report, very briefly summarised::

annual average growth in GDP is forecast to contract by 1.1 percent in the year to March 2025picking up to 1.9 percent in the following yearlower interest rates are expected to support a pick-up in growthsoft labour market is driving continued caution amongst householdsmany households will face further relief in the form of reduced mortgage repayments. This is expected to support a continued recovery in discretionary spending over the coming years. inflation is expected to become anchored around the Reserve Bank of New Zealand’s (RBNZ) inflation target mid-point of 2 percent over the coming years

NZIER NZ dollar outlook:

This article was written by Eamonn Sheridan at www.forexlive.com.

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