New Zealand Treasury: rising trade tensions are a threat to global growth

The global growth remains solid but rising trade tensions are a threat, New Zealand Treasury said in its report on economic indicators for August. 

Key quotes (source: treasury.govt.nz)

• 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.