Further moderation in growth expected - Consensus Forecasts, December 2015

11 December 2015

The latest NZIER Consensus Forecasts shows forecasters have pared back growth expectations for the upcoming year. The downward revisions largely reflect expectations of weaker growth in investment. 

Recent  developments  have  been mainly positive,  and  point  to economic activity  picking  up. Consumer  and  business  confidence  are  also  recovering.  Nonetheless,  expectations  for  annual average economic growth remain below 3% out to 2019. Forecasters expect growth to ease to 2.2% in the March 2016 year, before recovering to 2.7% by March 2017.