Past the peak; gradual underlying recovery intact - Quarterly Predictions, September 2014

27 August 2014

Economy past its peak so interest rates on hold until 2016

The economic recovery is past its peak. The New Zealand economy grew strongly through the first half of 2014, but the pace is slowing. Economic growth will ease from 3.5% in 2014 to a still respectable 2.7% in 2015. Rising interest rates are biting, as seen in falling house sales and waning confidence. More uncertain global demand casts a shadow over the outlook

An independent take on the New Zealand economic outlook is available exclusively to NZIER’s members in the latest Quarterly Predictions.

You can read the full media release here.