A strong economy in challenging times
The New Zealand economy continues to see solid economic growth. In the year ended December 2018, New Zealand’s GDP growth was 2.8%, well above the OECD average of 2.3% and similar to most of our major trading partners. This growth has seen the unemployment rate reach post-GFC lows of just over 4%. Looking ahead, GDP growth is forecast to average 2.6% over the forecast period.