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WELLINGTON, Aug. 10 (Xinhua) -- New Zealand's central bank left its official cash rate (OCR) unchanged at 1.75 percent on Thursday.
Global economic growth has become more broad-based in recent quarters Anthony Lopes Portugal Jersey , but inflation and wage outcomes remain subdued across the advanced economies, and challenges remain with on-going surplus capacity, Reserve Bank of New Zealand governor Graeme Wheeler said in a statement.
Bond yields are low, credit spreads have narrowed and equity prices are at record levels, Wheeler said, adding that monetary policy is expected to remain stimulatory in the advanced economies Andre Gomes Portugal Jersey , but less so going forward.
The trade-weighted exchange rate has increased since May, partly in response to a weaker U.S. dollar, he said, adding that a lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth.
Gross domestic product growth in the March quarter was lower than expected, adding to the softening in growth observed at the end of 2016, Wheeler said.
"Growth is expected to improve going forward Adrien Silva Portugal Jersey , supported by accommodative monetary policy, strong population growth, elevated terms of trade, and the fiscal stimulus outlined in Budget 2017," he said.
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ATHENS, Aug. 1 (Xinhua) -- Despite rising tourist arrivals in recent years, the annual revenues for those working in the tourism sector have declined as visitors are spending less money on average, a survey released Tuesday by the Labor Institute of GSEE, the umbrella union of private sector employees Vieirinha World Cup Jersey , showed.
Three out of ten Greeks, or 15.5 percent of Greece's workforce, work in the tourism sector, according to the survey. Between 33 and 39 percent are indirectly employed in tourism sector.
Traditionally, the tourism industry is one of the stronger growth drivers of the Greek economy, accounting for about 18 percent of the country's gross domestic product (GDP) Rui Patricio World Cup Jersey , even during the years of the debt crisis.
However, revenue from international tourism in recent years has declined, as foreign visitors have reduced their length of stay in Greece and with this comes a drop in spending. In 2005, the average tourist spent 10.7 days in Greece and 745.7 euros per trip compared to 6.9 days and 470.5 euros per trip in 2016, . Gerardo Flores Mexico Jersey Cheap Jets Jerseys Cheap New Orleans Saints Jerseys Cheap New York Giants Jerseys Cheap Philadelphia Eagles Jerseys Cheap Miami Dolphins Jerseys Cheap Los Angeles Chargers Jerseys Wholesale Buccaneers Jerseys Wholesale 49ers Jerseys Wholesale USA Soccer Jerseys