国产丝袜在线精品丝袜|在线A毛片免费视频观|日韩精品久久久一区二区|亚洲成在人网站天堂直播|99在线精品66视频无码|亚洲欧美不卡视频在线播放|国产精品久久久久久免费一级|久久精品国产亚洲AV香蕉软件

New Zealand set to maintain momentum of economic growth

Source: Xinhua| 2018-12-13 18:09:34|Editor: Liangyu
Video PlayerClose

WELLINGTON, Dec. 13 (Xinhua) -- The New Zealand economy will continue its momentum over the next few years, underpinned by investment, productivity and wage growth, Finance Minister Grant Robertson said on Thursday.

The Treasury's Half Year Economic and Fiscal Update (HYEFU) showed that the economy is healthy and the government is managing the books carefully in accordance with the Budget Responsibility Rules, Robertson said in a statement.

"This is important given the warnings of growing risks around the volatility of the international growth outlook, which could feed through to the New Zealand economy," Robertson said.

Thursday's forecasts showed the government's plan to help transit New Zealand economy to more productive, sustainable and inclusive growth is working, Robertson said.

The forecasts showed positive labor productivity growth after five years of negative growth; wages to increase by over 3.3 percent per year; business and residential investment growth around 4 percent per year; export growth around 3 percent per year, with the terms-of-trade remaining strong; and unemployment to stay low around 4 percent as businesses continue to hire.

These factors will drive GDP growth of about 3 percent per year over the next couple of years, according to the HYEFU forecasts.

Robertson said that this represents strong growth at a time when the economy is running at capacity, and is in line with other forecasters.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001376718571