Monthly Economic Indicators November 2015

The November Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events.

The main points:

• The near-term growth outlook for the New Zealand economy has stabilised, although weaker than expected in the Budget Update.

• The Treasury expects GDP growth of around 0.6% per quarter in the second half of 2015, driven by private consumption, residential investment and tourism.

• New Zealand dollar depreciation is starting to contribute to higher price increases.

• The US is expected to raise its policy rate in December 2015 while other major economies are expected to remain on hold or to ease further.

The special topic this month looks at “Tax Revenue recent history and outlook”.

http://www.treasury.govt.nz/economy/mei/Nov15

ENDS

© Scoop Media