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NZ: December quarter GDP more likely to rise by 0.3% – Westpac

Michael Gordon, senior economist at Westpac, means that they’re anticipating a 0.3% rise in New Zealand’s December quarter GDP, lower than market expectations or the Reserve Financial institution of New Zealand’s forecast.

Key Quotes

“There appears to have been a real slowdown in development over late 2018, although it was exacerbated by some momentary disruptions within the vitality sector.”

“Each the New Zealand and Australian economies have slowed in latest occasions, however for various causes. Family spending and development have been highlights for New Zealand within the December quarter.”

“We anticipate the annual present account deficit to widen to three.9% of GDP, a six-year excessive. The phrases of commerce fell over 2018 and import volumes have remained robust.”