Arab Today, arab today slowing domestic consumption drags down new zealand economic forecasts
Last Updated : GMT 12:57:34
Arab Today, arab today
Arab Today, arab today

Slowing domestic consumption drags down New Zealand economic forecasts

Arab Today, arab today

Arab Today, arab today Slowing domestic consumption drags down New Zealand economic forecasts

New Zealand's economic growth
Willington - XINHUA

Forecasts for New Zealand's economic growth have been scaled down as domestic consumption is forecast to ease, an independent economic think-tank said Monday.
The domestic economy will not grow as fast as previously thought, and the outlook for investment had become more cautious, particularly in residential construction, according to the New Zealand Institute of Economic Research (NZIER) Consensus Forecasts, an average of forecasts compiled from a survey of financial and economic agencies.
The economic recovery would peak next year at 3.3 percent growth, and growth will moderate gradually to 3 percent in 2016, 2. 3 percent in 2017 and 2.1 percent in 2018, said the NZIER report.
Growth in household spending, which accounted for 63 percent of gross domestic product, would ease over the coming years, slowing momentum in the economy.
The moderation in spending reflected views of slowing employment growth and steady but muted wage growth over coming years.
Despite recent weakness in global commodity prices, export growth was expected to be strong and offset weakness in the domestic economy, while a gradually depreciating exchange rate would increase export competitiveness and blunt import demand.
Consumer price inflation had been slower than expected in recent months, but the average of economists' forecasts was for inflation of around 2 percent for the foreseeable future, at the middle of the Reserve Bank of New Zealand's target range of 1 percent to 3 percent.
Economists on average still expect a small government fiscal surplus of about 100 million NZ dollars (77.48 million U.S. dollars) in the 2014-2015 fiscal year, rising to 3.9 billion NZ dollars (3.02 billion U.S. dollars) by the 2017-2018 fiscal year.

 

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today slowing domestic consumption drags down new zealand economic forecasts Arab Today, arab today slowing domestic consumption drags down new zealand economic forecasts

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday