January 2011 Monthly Economic Indicatiors (MEI)

Press Release – New Zealand Treasury

• Economy weaker than we expected in mid-2010 even allowing for extraordinary events • Recession likely to be avoided as real GDP is expected to rise in the December 2010 quarter, but could also be weaker than previously forecast • Outlook for 2011 …The January Monthly Economic Indicators (MEI) was published on the Treasury Website today at 2.00pm. The report provides a summary of recent economic events.

• Economy weaker than we expected in mid-2010 even allowing for extraordinary events

• Recession likely to be avoided as real GDP is expected to rise in the December 2010 quarter, but could also be weaker than previously forecast

• Outlook for 2011 more positive than 2010, largely owing to the Rugby World Cup, earthquake reconstruction and high commodity prices

Read more at: http://www.treasury.govt.nz/economy/mei/jan11

Scoop copies:

Executive Summary
Analysis
Special Topic: Key Issues for the New Zealand Economy in 2011
mei-jan11.pdf (106 KB)

New Zealand Key Economic Data
mei-jan11.xls (67 KB)

New Zealand Economic Chart Pack
nzecp-charts-jan11.pdf (983 KB)

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