NZIER Consensus Forecasts show a mixed growth outlook amidst higher inflation, NZD/USD sellers attack 0.6900
20.03.2022, 23:11

NZIER Consensus Forecasts show a mixed growth outlook amidst higher inflation, NZD/USD sellers attack 0.6900

“The latest NZIER Consensus Forecasts show an upward revision to the near-term growth outlook for the New Zealand economy, but softer growth is forecast for the subsequent year,” said the New Zealand Institute of Economic Research (NZIER) in its latest report published during early Monday morning in Asia.

It should be noted that NZIER revised up 2021-22 GDP forecast to 5.2% from 4.3% (expected in December) but anticipated 2022-23 growth to ease from 4.6% previous forecast to 3.6%.

Additional quotes

These revisions reflect recent activity indicators, suggesting that while the New Zealand economy weathered the latest lockdown reasonably well, there is more caution about the longer-term outlook.

With the latest Omicron surge widespread across the country, fears of infection or having to self-isolate has seen people limit their movements even though restrictions were relaxed in December last year.

Annual growth in the Consumers Price Index (CPI) picked up sharply to 5.9 percent for the year to December 2021 – well above the Reserve Bank’s 1 to 3 percent inflation target band. Annual inflation is expected to pick up further, particularly as higher global crude oil prices drive up petrol prices here at the pump.

Consensus Forecasts for GDP have been revised higher in the near term, as the negative impact of the latest lockdown appears milder than initially expected. However, heightened uncertainty over what the accelerating spread of Omicron would mean for economic activity as people limit their movements for fear of infection or self -isolation has reduced growth forecast for the subsequent year.

NZD/USD drops

The news exerts additional downside pressure on the NZD/USD prices as the quote drops back towards the intraday low of 0.6888.

Read: NZD/USD begins the week on a back foot around 0.6900 on mixed NZ trade data, Ukraine woes

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik