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.

May 2020
Covid-19 will cast a shadow over the economy for years after the virus has passed. Consumers and businesses will go into their shells amid high unemployment, falling house prices, and damaged balance sheets. The farm sector will suffer an income hit due to a global recession. And the dearth of international tourists will be keenly felt. Scarring from the Covid-19 recession will permanently damage New Zealand’s long-run productivity, meaning GDP and wellbeing may never fully return to their pre-Covid-19 trends.



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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.