Growth to pick up from 2016 as economy diversifies, says NZIER - Quarterly Predictions, December 2015

25 November 2015

Beyond the slowing from reduced dairy income, other sectors of the New Zealand economy, such as tourism, are picking up. This will see annual economic growth recover over 2016 towards 3%.

Diversification is happening across products and regions. Although China remains a very important market for our export sector, the recent conclusion of the Trans-Pacific Partnership agreement (TPP) opens up opportunities to other key markets such as the US, Japan and Canada.

Quarterly Predictions is an independent take on the New Zealand economic outlook and is only available to NZIER members.

The full media release can be read here.

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