Economics & Markets

New Zealand Insights - June 2019

By AMP Capital

Key points


Growth still subdued but expected to blip higher


Inflationary pressures remain equally subdued


Labour market remains tight though employment growth has moderated


Room to move on fiscal policy


External accounts in relatively good shape


Currency expected to range-trade in the near-term

The New Zealand economy continues to expand at a subdued pace, at least when compared to recent history. A number of factors have contributed to the slowdown, including less consumer spending and softer business confidence. We still expect a blip higher in growth this year, but not of the magnitude previously expected. 

Fiscal policy will be a key source of support for growth, as will higher wages. While dairy prices have softened recently, continued population growth and construction activity are still expected to underpin solid levels of activity. And already easy monetary policy may get easier still.

Read today

  • Economics & Markets
  • New Zealand Insights
Share this article

Subscribe to our Insights

1. Our Publications that might interest you

2. We'll need your details

Our Privacy Policy explains how we handle personal information and use cookies and website tracking. We will follow the cookie and tracking settings you have selected in your browser.

Important notes

This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.

Cookies & Tracking on our website.  We use basic cookies to help remember selections you make on the website and to make the site work. We also use non-essential cookies, website tracking as well as analytics - so we can amongst other things, show which of our products and services may be relevant for you, and tailor marketing (if you have agreed to this). More details about our use of cookies and website analytics can be found here
You can turn off cookie collection and/or website tracking by updating your cookies & tracking preferences in your browser settings.