The solid rise in GDP in the second quarter will give the RBNZ more confidence in its view that GDP growth will rise back above 3.0% next year. In contrast, we believe that low confidence, a soft housing market and easing net migration will result in growth slowing further next year, perhaps to around 2.0%.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.