Key points of note in the fourth Quarterly Bulletin for 2023 include:

  • Economic activity measured by GDP will likely contract for the year as a whole.  At the same time, the domestic economy as measured by modified domestic demand will likely grow
  • Modified domestic demand is forecast to grow by 1.5 per cent in 2023, 2.5 per cent in 2024 and 1.9 per cent in 2025.
  • Headline inflation has fallen in 2023 and is expected to return to 2.1% in 2025

Quarterly Bulletin 2023 can be read here