Australia & New Zealand Economics

Australia & New Zealand Chart Book

26 September, 2018

A good year for growth

The surprising strength of economic growth in the second quarter has led us to revise up our forecasts for GDP growth in the 2018 calendar year from 2.5% to 3.2% for Australia and from 2.5% to 2.7% for New Zealand. But an easing in investment growth and slower consumption growth may mean that GDP growth in Australia drops back to 2.5% next year. And in New Zealand, the recent plunge in business confidence will probably play a part in an easing in GDP growth to around 2.2% in 2019.

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