Should we be worrying about a major financial crisis in the coming months? There are many uncertainties around the global economy that are not primarily financial in nature, but first and foremost linked to trade and to the tensions surrounding trade, especially between the United States and China.
However, both documents require us to produce a comprehensive view of the future trends in the New Zealand economy, and to test our previously articulated views against the stream of emerging data and opinion. A key ingredient in that process is our new forecasting and policy system (FPS) -- the system of models we now utilise in developing our Projections.