New Zealand’s Treasury: Global growth remains solid but rising trade tensions are a threat

New Zealand’s Treasury is out with its monthly economic indicators report for August, with the key highlights found below.

Solid retail sales growth to underpin private consumption growth in the June quarter.

RBNZ left the OCR at 1.75% in August and forecast no change until 2020.

Less support for growth from easing net migration inflows and declining commodity prices.

Global growth remains solid but rising trade tensions are a threat.

Treasury kept to its 0.7% GDP forecast for the second quarter.