Report: Quarterly Economic Overview Aug 2017

Report: Quarterly Economic Overview Aug 2017

The latest issue of Westpac’s Quarterly Economic Overview has just been released, looking at various areas of the New Zealand and global economy and how they are trending.

Chief Economist Dominick Stephens says, “The New Zealand economy is now into its seventh year of expansion. While we do expect the growth to roll on, there are a number of areas in which the economy is throttling back.”

Some key points from the report include:

  •     Housing market momentum continues to fade and combined with a run up in debt levels, this will dampen household spending;

  •     Construction rising, though headwinds have increased;

  •     Net migration continues to push higher;

  •     Export outlook continues to improve;

  •     Monetary and fiscal policy to remain supportive.

Download the full report.

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