World Economy

NZ Growth Picks Up

NZ Growth Picks UpNZ Growth Picks Up

New Zealand economic growth’s momentum is rebounding from a lull over later-2016 to early-2017. The pickup would be modest, with the economy facing capacity restraints and late-cycle economic challenges, two of which are finding skilled labor and keeping excesses in check, noted Australia & New Zealand Bank in a research report, Econotimes reported. But business and consumer sentiments are elevated, the terms of trade buoyant, fiscal policy is likely to turn more expansionary, financial conditions supportive, tourism booming and migration strong. The projections show an economy expanding at a rate solid enough to continue to gradually absorb spare capacity. Core inflation is expected to accelerate slowly, along with interest rates.



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