New Zealand Consumer & Retail Q4 2019
Key View :
Despite New Zealand's tightening labour market and recently introduced fiscal measures that will help to support privateconsumption, we hold a subdued view on the country's consumer outlook for 2019. A weakening economic outlook for both NewZealand and its key export partners is leading to household pessimism about the economy. As a result, low consumer confidenceand high levels of household indebtedness are weighing on spending growth.
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