On the New Zealand dollar and the outlook for economic growth - shaded a little lower in the latest look at forecasts
This from the New Zealand Institute of Economic Research (NZIER), in brief:
latest NZIER Consensus Forecasts expects a slight downward revision to the growth outlook for the next two years.
- Expectations of weaker household and Government spending
- Household spending... starting to slow as consumer confidence eases
- outlook for investment has been revised up for the coming year
- Capacity constraints in the construction sector
- labour market is expected to remain tight
- expected to flow through to higher wage growth later in the projection
- Inflation is expected to remain contained
Link is here for little more, including some great summary charts, well worth checking out from these folks. For the NZD:
