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.

Latest Forecasts (xls)


Quarterly Economic Overview

An in-depth discussion of the economic outlook, topical issues and forecasts.

November 2020
Covid-19 has wreaked havoc for the travel and tourism sector, but the remainder of New Zealand’s economy has shown its resilience in fine style. It’s now clear that the economy will be damaged, but not as severely as originally feared. We predict a peak unemployment rate of 6.2%, which is about the same as the 2009 recession.



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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.