Outlook for NZ economy softens but wages projected to rise more, NZIER Consensus shows

Mon, 18 Jun 2018

By Jonathan Underhill June 18 (BusinessDesk) - Economists have shaved a few basis points off their forecasts for New Zealand economic growth in the next two years even while forecasting stronger wage pressures, according to the NZIER Consensus Forecasts. The June survey, which averages forecasts compiled from a survey of financial and economic agencies, shows that compared to the March survey projected gross domestic product has been cut by 2 basis points to 2.9 percent for the year ending March 31, 2019, and by 1 point to 3.2 percent in...

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