New Zealand Institute of Economic Research (NZIER) survey of economists, the latest Consensus Forecasts.
- show a downward revision to the near-term growth outlook
- annual average growth of -0.8 percent in the year to March 2025 expected
- before picking up to 2.1 percent in the following year
Says the NZIER:
- The revised GDP growth forecast for 2025 reflects Stats NZ’s recent revision of historic GDP data, which pointed to a contraction in the New Zealand economy during the June and September quarters of 2024. Beyond 2025, lower interest rates are expected to drive a recovery in economic growth.
Kiwi $ forecast from the report:
This article was written by Eamonn Sheridan at www.forexlive.com.
