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Gareth Kiernan: Infometrics Chief Forecaster on predictions that economic growth will reach a four-year high next year
Published 1 month, 1 week ago
Description
The country's economic recovery may be coming.
New Infometrics forecasts show annual economic growth is set to reach a four-year high of 2.7% mid-next year.
They show the chances of yearly inflation continuing above 2% by then have dropped.
Chief Forecaster Gareth Kiernan told Mike Hosking that as long as fuel prices stay at manageable levels, they expect to see positive indicators return over the next six to twelve months.
He says we’re nearing the point where we’re growing as fast as we can without generating inflation, and they do see a case for rates increases, but nothing as fast as they were previously looking at when fuel prices where over $3 a litre.
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