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2019 OECD Economic Outlook, Volume 2019 Issue 2

image of OECD Economic Outlook, Volume 2019 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, a series of focus notes on selected macroeconomic and structural issues, and a chapter summarising developments and providing projections for each individual country.

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New Zealand

Economic growth is projected to remain around 2½ per cent in 2020-21. Exports are set to decelerate and consumption will lose momentum, reflecting diminishing net migration inflows and lower housing wealth gains. On the other hand, business investment is expected to strengthen in response to rising labour costs and a falling cost of capital, thereby easing tight capacity constraints.

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