NZ Institute of Economic Research (Inc) Media release 15 March 2021 Consensus Forecasts NZIER Consensus Forecasts show a downward revision to the growth outlook over the longer term The latest NZIER Consensus Forecasts (CF) show a downward revision to growth forecasts later this year. [...] On average, annual 3 growth is now expected to decline by 2.6 percent 0 for the year to March 2021 – smaller than the 4.8 percent decline forecast in the previous CF. [...] Annual average growth in spending is -3 expected to reach 5.8 percent for the year to March -6 2022 – lower than the 7.2 percent previously 1998 2001 2004 2007 2010 2013 2016 2019 2022 Source: Statistics NZ, NZIER forecast. [...] The decline in exports for the year to March 2021 is now expected to be -15 smaller than forecast in the previous CF. [...] The range of forecasts is 6 wider in the longer term, with forecasts for the 90- 4 day bank bill rate ranging from 0.2 percent to 1.9 percent for the year to March 2024.
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- New Zealand
