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2016 OECD Economic Outlook, Volume 2016 Issue 1

image of OECD Economic Outlook, Volume 2016 Issue 1

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, a special chapter on promoting productivity and equality, a chapter summarising developments and providing projections for each individual country and a statistical annex.

 

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New Zealand

Economic growth is projected to moderate somewhat to 3% in 2016 and 2.7% in 2017. The impact of lower dairy prices on exports and an end to stimulus from the earthquake-related rebuild will curb activity, although the slowdown in construction will be attenuated by expansion elsewhere in response to high immigration. Immigration will also sustain growth in private consumption. Inflation will rise but stay below target.

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