OECD Economic Outlook, Volume 2011 Issue 2
The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country and an extensive statistical annex.
- Publication Date :
- 28 Nov 2011
- DOI :
- 10.1787/eco_outlook-v2011-2-en
New Zealand
- DOI :
- 10.1787/eco_outlook-v2011-2-28-en
Economic activity has been comparatively resilient and is set to accelerate over the next two years. Although a still relatively high NZ dollar and a weaker global economy will undermine exports for a time, and policy support will eventually be withdrawn, post-earthquake reconstruction will provide ongoing stimulus. High commodity prices and a recovering labour market are supporting incomes, although private spending will be restrained by necessary deleveraging.