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Monthly Economic Indicators report for March 2018
Monthly Economic Indicators report for March 2018
The Treasury has published its Monthly Economic Indicators report for March 2018. The report can be found here: http://bit.ly/2GRLS9G
Key points:
• GDP grew 0.6% in the December
quarter, with solid growth in private consumption and
business investment, met by growth in imports.
•
Early indicators for the March quarter suggest consumption
growth is likely to continue to support GDP growth.
•
Changes to the PTA introduce a requirement for the RBNZ to
consider employment in setting monetary policy.
•
Global growth remains strong although rising trade tensions
present a risk to growth.
This month’s MEI includes two special topics:
• a summary
of our recent business talks
• introduction of
our new macroeconomic forecasting
model
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