Friday, 23 December 2016
To watch Bevan Graham (AMP Chief Economist) discuss the financial markets following Trump’s victory, and take a look at the economic outlook for next year both here in New Zealand and around the world visit the AMP website www.amp.co.nz/personal/news/insights
Some of the key themes discussed in the video are economic growth and how 2017 is shaping up for the average kiwi investor.
The New Zealand economy has continued to perform well. GDP growth is looking more solid and is expected to hold at around the 3.5% level over the next few quarters. The positives of stronger commodity (ex-dairy) prices, population growth, tourism inflows and record low interest rates have underpinned solid activity and more than offset the headwinds of weak dairy prices and a strong exchange rate.
Household consumption continues to be the biggest contributor to growth as low interest rates, strong gains in labour income, rising house prices and strong population gains all serve to boost consumer spending. Strong and rising tourism inflows are also supporting the retail sector.
To read the December 2016 Investment Insights from AMP Capital’s Investment Strategy team visit the AMP Capital website and click on the news section: www.ampcapital.co.nz/news
The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission. A disclosure statement is available from your adviser on request and free of charge.
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