The International Monetary Fund projects a moderate growth rate of 2.5% for Australia and 2.8% for New Zealand in 2027, driven by a rebound in commodity prices and a pickup in global trade.
The OECD forecasts that New Zealand's GDP will grow by 3.1% in 2027, while Australia's GDP will grow by 2.9%, driven by investments in infrastructure and a growing services sector.
The World Bank predicts that Australia and New Zealand will experience a significant increase in trade volumes in 2027, driven by the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
ANZ Bank forecasts that the Australian economy will grow by 2.7% in 2027, while the New Zealand economy will grow by 3.0%, driven by a strong labor market and rising consumer spending.
ASB Bank predicts that the New Zealand economy will experience a slowdown in growth in 2027, due to a decline in dairy prices and a slowdown in the housing market, while the Australian economy will continue to grow at a moderate pace.
Researchers at Harvard University predict that Australia and New Zealand will experience a significant increase in foreign investment in 2027, driven by their highly developed financial systems and favorable business environments.
Bloomberg analysts discuss the economic projections for Australia and New Zealand in 2027, including the impact of trade tensions and the outlook for commodity prices.
Trading Economics provides historical and forecasted economic data for Australia and New Zealand, including GDP, inflation, and interest rates, to help investors and businesses make informed decisions.