New Zealand’s Treasury Ministry downgrades its growth forecasts

Market news

15 December 2015

New Zealand’s Treasury Ministry downgrades its growth forecasts

New Zealand's Treasury Ministry released its Half Year Economic and Fiscal Update on Tuesday. New Zealand's economy is expected to grow at 2.1% in 2015-16, down from the previous estimate of 3.1% rise, and 2.4% in 2016-17, down from the previous estimate of 2.8% increase.

Inflation is expected to be 1.4 in 2015-16 and 2.1% in 2016-17.

Bank of England’s quarterly bulletin: households are better prepared for an interest rate hike than a year ago

Australian house price index rises 2.0% in the third quarter

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