How's the NZ economy looking? Here are our latest thoughts
The slowdown in growth over 2019 has proven to be both longer and deeper than we expected at the start of the year. However, next year should see modestly higher growth off the back of accommodative monetary conditions, fiscal expansion, an improvement in global growth and stabilisation/recovery in business confidence.
Key points:
Growth to get a boost next year
Labour market remains tight
Inflation nudging higher
Monetary policy on hold
Fiscal policy set to become more stimulatory
External accounts in good shape
