NZ: Expect a 0.4% rise in Q1 GDP - Westpac

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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