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Macro - Country Economic Forecasts - New Zealand

Publisher Oxford Economics
Published Feb 27, 2024
Length 8 Pages
SKU # OFE18578593

Description

Macro - Country Economic Forecasts - New Zealand



We have downgraded our 2023 GDP growth forecast for New Zealand by 1.7ppts to 0.3% y/y as large revisions to GDP and weaker than expected activity in Q3 paint a sour picture. The headwinds to households are approaching their peak, so we think the declines in GDP per capita should ease in the months ahead. Still, the weaker starting point means we now only expect GDP growth of 1.5% in 2024.

Table of Contents

8 Pages
New Zealand: the RBNZ is going to stand pat in D1
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk evaluation
Background
Economic development
Structure of the economy
Politics

Pricing

Currency Rates
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