Source: New Zealand Institute of Economic Research
24 November 2020
Recent developments point to a strong rebound in economic activity, as the New Zealand economy responds to the unprecedented amount of stimulus measures implemented by the Government and Reserve Bank. NZIER forecasts annual average GDP growth to rise to around 5 percent by early 2022, before moderating to average around 3 percent in the subsequent years.
Quarterly Predictions is an independent review of New Zealand’s economic outlook and includes comprehensive forecasts of the economy. The full publication is available exclusively to NZIER’s members. Read the media release here.