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Data summary: Global outlook Global outlook 2008 a 2009 a 2010 a 2011 a 2012 b 2013 c 2014 c 2015 c 2016 c 2017 c International assumptions ( %) World GDP growth 1.3 -2.3 3.9 2.6 2.1 2.1 2.7 2.9 2.9 2.9 US GDP growth -0.3 -3.1 2.4 1.8 2.2 2.1 2.4 2.3 2.3 2.4 EU...
WELLINGTON , 2013-05-16 NZN - There will be no relief for exporters from a high New Zealand dollar for years but the overall economy will notch up annual growth of between 2 , 3 per cent. The government has weighed the impact of a drought that will knock 0.7 per cent off growth in 2013 against the ramping up of a US Dollars 40 billion Christchurch rebuild to produce a moderate set of growt...
New Zealand has traditionally run a current-account deficit, , we forecast that it will continue to do so in 2013-17. We expect the shortfall on the current account to widen to the equivalent of a revised 5.2 % of GDP in 2013 , to average 7.8 % in 2014-17. In 2013, although a pick-up in global demand will see export expansion accelerate, import gro...
Event The seasonally adjusted unemployment rate dropped sharply in the Q1 of 2013, to a 3-year low of 6.2 %, as reported by the Household Labour Force Survey (HLFS), which is compiled by Statistics New Zealand (SNZ). Analysis The 1st-quarter improvement in the labour Industry followed a subdued performance in 2012, which saw the unemployment rate jump to a 13-year high of 7...
Outlook for 2013-17 More than a year into his 2nd 3-year term, the prime minister, John Key , remains popular. His conservative National Party -led coalition controls 64 out of a total of 121 seats in the legislature. The administration will remain committed to its existing policy agenda, which focuses on reconstruction efforts following the September 2010 , February 2011 ear...
Data , charts: Quarterly data 2011 2012 2013 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr Output a GDP at chained 1995/96 prices (NZ$ m) 35,696 36,054 36,222 36,569 36,731 36,930 37,432 n/a GDP at chained 1995/96 prices ( % change, year on year) 0.2 2.5 2.8 3.2 2.9 ...
Budget 2013 has provided more funding towards the highly successful Maori Affairs cadetship programme, which has supported more Maori into jobs , kept them there. "We established this programme in 2009 to address Maori unemployment, , to provide Maori new to the workforce - or those with low qualifications - the opportunity to gain work experience , formal qualifications as a means of e...
WELLINGTON, New Zealand , 2013-05-10 -- The government of New Zealand issued the following news release: Budget 2013 has provided more funding towards the highly successful Maori Affairs cadetship programme, which has supported more Maori into jobs , kept them there. "We established this programme in 2009 to address Maori unemployment, , to provide Maori new to the workforce - or those...
New Zealand Government - The drop in the unemployment rate from 6.9 per cent to 6.2 per cent in the March quarter is encouraging news, Tertiary Education, Skills , Employment Minister Steven Joyce says. The Household Labour Force Survey released today showed that 38,000 more people were employed in the quarter. "The result follows news the economy grew 3 per cent in the year to Decemb...
WELLINGTON, New Zealand , May 9 - The government of New Zealand issued the following news release: The drop in the unemployment rate from 6.9 per cent to 6.2 per cent in the March quarter is encouraging news, Tertiary Education, Skills , Employment Minister Steven Joyce says. The Household Labour Force Survey released today showed that 38,000 more people were employed in the quar...
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