BNZ have cut their GDP forecast for New Zealand

Earlier New Zealand GDP projections from ANZ are here:

• New Zealand GDP forecast lowered to 0.8% for H1 - coronavirus impact

BNZ have also cut their growth rate forecasts, cutting 0.5% off in total, now :

• Q1 0.4%
• Q2 0.2%

For 2020 as a whole BNZ have GDP growth forecast at 1.8%

BNZ cite:

• mounting risks from the coronavirus
• palpable impacts on immediate GDP
• the potential for the weather to not crimp Q1 GDP as much as we reckon - thinking about meat processing especially - which could then cause more of a hangover for Q2 GDP