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New Zealand economists expect 2023/24 GDP at 0.4%, from 0.6% previously - NZIER survey

New Zealand economists expect 2023/24 GDP at 0.4%, from 0.6% previously - NZIER survey
The latest New Zealand Institute of Economic Research (NZIER) Consensus Forecasts in brief:Annual average GDP growth is forecast to slow to 0.4 percent in the year to March 2024 before recovering to just 1.1 percent in 2025. Higher interest rates are starting to dampen demand as the impact of previous increases in the Reserve Bank’s Official Cash rate (OCR) is transmitting through to the broader economy. Added to this is the downside risk from weaker demand for New Zealand exports, primarily due... Read More
Posted: Sep 18 2023, 00:21
Author Name: forexlive
Views: 092175

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