NZ: Q3 GDP likely to rise by 0.5% - Westpac

Michael Gordon, Senior Economist at Westpac, suggests that they expecting a 0.5% rise in New Zealand’s September quarter GDP, as some of the factors that boosted growth last quarter are unwound.

Key Quotes

“We expect to see some rebound in mining activity, though the extent is uncertain.”

“The underlying picture remains of an economy that has trundled along slowly but steadily over 2018.”

“We expect the annual current account deficit to widen to 3.6% of GDP. New Zealand’s trade performance has deteriorated over the last year, but we suspect that some of the drivers of this are temporary.”