Dire consumer confidence doesn't bode well for NZ economic recovery

The global backdrop is partly to blame. (Image: NZME)

Wed, 19 Mar 2025

Dire consumer confidence data Wednesday adds to the view that growth will likely remain sluggish even if New Zealand did exit recession in late 2024.The gross domestic product data is due at 10:45 on Thursday, and most economists expect quarter-on-quarter growth of 0.3% to 0.5%. The economy contracted 1% quarter-on-quarter in the September quarter and 1.1% in the June quarter. The Westpac McDermott Miller Consumer Confidence Index for the March quarter was “simply awful,” Bank of NZ's (BNZ) head of research, Stephen To...

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