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

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.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.