Stronger growth outlook but inflation remains subdued - Consensus Forecasts, September 2016

12 September 2016

The latest NZIER Consensus Forecasts shows forecasters have again revised up their growth forecasts.

Buoyant domestic demand is the key driver behind the stronger growth outlook. The surge in net migration in recent years has boosted population growth and with it demand across the economy. In particular, housing construction is expected to ramp up further over the next few years, while household spending is also expected to remain robust.