Economic & financial forecasts
Our latest economic and financial forecasts and Quarterly Economic Overview.
New Zealand economic and financial forecasts
Our forecasts for the New Zealand economy, interest rates and exchange rates.
Quarterly Economic Overview
An in-depth discussion of the economic outlook, topical issues and forecasts.
Storm clouds have gathered over the global economy, and New Zealand is getting caught in the downdraught. We expect the situation to get worse before it gets better, as the escalating US-China trade war makes its mark on global economic growth. We’ve slashed our 2020 annual GDP forecast for New Zealand from 3.1% to 2.3%, and we expect unemployment will soon rise.
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All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this information current t time of writing and intends by this statement to exclude liability, to the extent permitted by law, for any such opinion, statement and analysis. The content of this material is a guide only. It does not take into account your personal financial situation and goals. You should obtain independent professional advice.