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Monthly Economic Indicators report for March 2018

Press Release – New Zealand Treasury

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 …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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