NZIER Consensus Forecasts show a weaker economic outlook for years beyond 2024 NewZealand GDP Inflation Growth EconomicIndicator
, New Zealand's economy is seen resilient over the coming year but the growth could be revised downward for 2025 and 2026.As more fixed-term mortgages get repriced within the next twelve months, the dampening effect of interest rate increases on economic activity will become more apparent over the coming years.Despite a strong starting point for export growth, the forecasts of export growth have been revised lower for years after 2023.
NZD/USD is heavily offered in Asian trading this Monday, as risk-off flows dominate kicking off a critical week. The pair was last seen trading at 0.6386, down 0.30% on the day. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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