We begin 2015 in good shape and I'm looking forward to another busy year as the Government focuses on locking in the many hard-won gains New Zealanders have made under National.
The economy is in its fifth year of expansion and economic growth is expected to average around 3 per cent over the next four years, better than Europe, the United States, the United Kingdom, Japan and Canada.
Employment is growing, with 72,000 more people employed than a year ago, and an additional 153,000 people are expected to be in work by mid-2019.
The average full-time wage is expected to rise by $8000 to around $64,000 by mid-2019. Unemployment, currently down to 5.4 per cent, is expected to fall to 4.5 per cent by 2018.
Interest rates are staying lower for longer, and household disposable income is increasing faster than inflation - rising 9 per cent in real terms over the past four years. It is forecast to increase another 9 per cent over the next four years.