New Zealand will not sustain Q1 momentum

Today’s GDP data show that New Zealand’s economy grew at its fastest pace since 2007 in Q1. We have raised our 2012 growth forecast in response. However, the strong Q1 performance does not change our view that New Zealand’s cash rate is unlikely to be hiked until 2013.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.