OECD Economic Outlook, Volume 2015 Issue 2
This OECD Economic Outlook analyses the current economic situation and examines the economic policies required to foster a sustained recovery in member countries. The present issue covers the outlook to end 2017 for both OECD countries and selected non OECD economies. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.
New Zealand
Economic growth is projected to slow to 1.9% in 2016 before recovering slightly in 2017. Activity is being held back by a sharp fall in global dairy prices, softer external demand, a diminished boost from the Canterbury rebuild and a predicted drop in agricultural output due to drought as a result of El Niño. A normalisation of weather conditions, along with additional monetary stimulus and faster global growth should provide greater support to exports and business investment in 2017.
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