INDEPENDENT NEWS

RBNZ - Summary of economic projections

Published: Wed 17 May 2000 09:10 AM
RBNZ - Summary of economic projections
PRESS RELEASE
RESERVE BANK
Table 1
Summary of economic projections
(Annual percentage change, unless specified otherwise)
::::Actuals::::Projections
March year::::1999::::2000e::::2001::::2002::::2003
Price measures
::::CPI*::::::::1.0::::1.7::::1.6::::1.8::::1.8
::::Wages::::2.7::::2.1::::3.2::::3.5::::3.6
::::Import prices (in New Zealand dollars) ::::2.7::::6.4::::-4.5::::-0.6::::0.1
::::Export prices (in New Zealand dollars) ::::-1.1::::8.4::::-4.0::::-0.7::::-0.2
Monetary conditions
::::Nominal MCI (year average)::::-50::::-275::::-75::::100::::175
::::90-day rate (year average)::::6.2::::5.2::::7.0::::7.5::::7.4
::::TWI (year average)::::57.3::::56.1::::56.1::::57.8::::58.6
Output
::::GDP (production, annual average % change)::::0.0::::4.3::::4.6::::2.7::::2.6
::::GDP (production, March qtr to March qtr)::::1.7::::5.1::::3.5::::2.6::::2.6
::::Output gap (% of potential GDP, year average)::::-2.0::::-0.4::::1.3::::0.9::::0.2
Key balances
::::Government operating balance ::::1.8::::0.6::::1.1::::1.6::::2.0
::::(% of GDP, year to June)
::::Current account balance ::::-5.8::::-8.0::::-5.4::::-5.0::::-5.4
::::(% of GDP, year to March)
::::Terms of trade (annual average % change)::::-0.5::::0.8::::0.5::::0.0::::-0.1
::::Unemployment rate (March qtr s.a.)::::7.2::::6.4::::5.4::::5.3::::5.4
::::Household savings rate
::::(% of disposable income, year to March) ::::-1.5::::-1.6::::-0.8::::-0.9::::-1.4
::::::::
World economy
::::World GDP (annual average % change)::::1.0::::4.0::::4.0::::3.4::::3.5
::::World CPI inflation::::0.9::::2.0::::1.8::::1.9::::2.0
Quarterly projections::::Sep-99::::Dec-99::::Mar-00::::Jun-00::::Sep-00
(quarterly percentage change, unless specified otherwise)
::::CPI::::::::0.4::::0.2::::0.7::::0.3::::0.5
::::CPI (annual percentage change)*::::1.1::::1.3::::1.7::::1.6::::1.7
::::GDP (production, s.a.)::::2.5::::2.2::::0.6::::1.1::::1.1::::
e = estimate
s.a. = seasonally adjusted
*::::This series is annual CPIX inflation until the June 1999 quarter, and annual CPI inflation thereafter (adjusted by SNZ to exclude interest and section prices from the September 1999 quarter to the June 2000 quarter).
Notes for this table are in Appendix 4.
ENDS

Next in Business, Science, and Tech

Vision to unite the primary sector launched today
By: New Zealand Government
Half Year Economic and Fiscal Update 2019
By: New Zealand Treasury
Competitiveness and transparency in the retail fuel market
By: New Zealand Government
A safer banking system for all New Zealanders
By: Reserve Bank
Feds happy to see recognition for the future of farming
By: Federated Farmers
Primary Sector Council’s unification vision welcomed
By: Horticulture NZ
Strong economy, careful spending gives $12bn of surpluses
By: New Zealand Government
Priorities for 2020 Wellbeing Budget outlined
By: New Zealand Government
Govt delivers deficits, broken promises, weaker economy
By: New Zealand National Party
New Zealand the most heavily taxed country in Asia-Pacific
By: ACT New Zealand
No excuse for an election-year deficit
By: New Zealand Taxpayers' Union
Study recommends changes to benefit competion
By: Commerce Commission
Process concerns in market study
By: BusinessNZ
“At last!” says MTA in response to fuel market findings
By: Motor Trade Association
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media