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.