New Zealand GDP to bounce back in Q2 but outlook weighed by weak business confidence

Economic growth in New Zealand has been decelerating since the middle of 2016 even before the general election of September 2017 that brought a Labour-led government into power.

GDP is expected to have expanded by 0.7% q/q in the second quarter, which, if confirmed, would make it the fastest pace in a year. However, on a 12-month basis, growth is forecast to slow to 2.5% from 2.7% in the prior quarter.

Stronger exports and higher agricultural output likely contributed to the expected bounce in growth.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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