Earlier New Zealand GDP projections from ANZ are here:
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