Michael Gordon Senior Economist at Westpac, suggests that they expect a 0.4% rise in New Zealand’s March quarter GDP.
Key Quotes
“This would mark a third consecutive quarter of subdued growth in activity.”
“We have long been highlighting the prospect of a soft patch in growth over the first half of this year. In contrast, we think the Reserve Bank and the Treasury have been too optimistic on near-term growth.”
“The current account deficit is expected to widen slightly, due to some softness in exports that may prove to be temporary.”
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