Quarterly Economic Forecasts: May 2017 Tempest in a teacup

Despite the potential for stormy conditions offshore, the global outlook is in reasonable shape.

We expect NZ growth to hit 3.5% next year, though tourism and construction won’t sustain their recent growth pace.

The RBNZ will remain firmly on hold until late next year, even though headline inflation has hit 2% again.

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Nick Tuffley

ASB Chief Economist

Since starting out in 1997 as an economist, it's fair to say Nick has seen a few hair-raising moments over the years, including the Asian Financial Crisis and the Global Financial Crisis.

One of Nick's strengths is his ability to communicate complex ideas in a readily understandable and entertaining way.  He thrives on helping people understand the economic environment to help enrich the quality of their business or personal life. He’s proud to lead a team that has won two Forecast Accuracy Awards from Consensus Economics, and has a strong track record with their Official Cash Rate and dairy price forecasts. 

Nick grew up in Christchurch and graduated with a Master of Commerce degree from the University of Canterbury.  He learned his economic ropes at the Reserve Bank of New Zealand before a long stint as a Senior Economist at Westpac, and joined ASB as Chief Economist in 2007.

Jane Turner

Senior Economist

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