The Reserve Bank’s main forecast in its monetary policy statement is almost certainly not optimistic enough.
The outlook is for above-trend growth for the next couple of years: while GDP in the 2.7-3.0% range is not huge it is above what is calculated as New Zealand’s potential growth gate
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Rob Hosking
Fri, 13 Dec 2013
Fri, 13 Dec 2013
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What if the Reserve Bank is being too pessimistic?
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