NZIER Consensus Forecasts shows softer growth outlook

Abstract

The latest NZIER Consensus Forecasts expects a modestly softer growth outlook for the next few years. Overall, the growth outlook remains positive. Downward revisions to forecasts for household spending and business investment have pushed down the near-term growth outlook. Consumer and business confidence have eased, as uncertainty about the effects of new Government policies see households and businesses hold off committing to major spending.