Moody’s sees upcoming NZ election having no impact on fiscal projection
|The US-based ratings agency, Moody’s Investor Service, published a latest review of the New Zealand’s economy.
Key Points:
Expect real GDP growth around 3% through 2017 and 2018
Expectations above the AAA median of 2%
Expects NZ gross govt debt at 28% of GDP by 2018, significantly lower than most AAA-rated sovereigns
Sees upcoming NZ election having no impact on fiscal projection "regardless of the party in power"
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