NZIER Consensus Forecasts shows growth outlook highly uncertain

Note: Consensus Forecasts were finalised prior to the Reserve Bank of New Zealand’s emergency OCR cut of 75bp which was announced at 8am this morning.

The latest NZIER Consensus Forecasts highlights the large degree of uncertainty over the effects of the COVID-19 coronavirus outbreak on the New Zealand economy. This uncertainty is reflected in the range of forecasts across the key economic measures being greater than usual.