Economy on track despite risks

The New Zealand economy is generally on track despite some risks, according to the BusinessNZ Planning Forecast for the September quarter 2010.

Risk factors include fluctuating exchange rates and some volatility in global markets, although many of New Zealand’s trading partners are showing strong growth.

The Forecast reflects steady economic improvement since the recent global financial downturn and shows the New Zealand Government’s accounts tracking largely according to expectations, although Budget deficits are expected for some years to come.

The Forecast incorporates BusinessNZ’s Economic Conditions Index (ECI) which tracks 33 indicators, including GDP, export volumes, commodity prices and inflation, debt and confidence figures.

The BusinessNZ Planning Forecast for for the September quarter 2010 is here on www.businessnz.org.nz