NZ 2Q GDP tumble sparks 3Q rebound talk, more easing eyed

Prime Minister Christopher Luxon shrugged off the dire 2Q GDP. (Image: NZME)

Mon, 22 Sep 2025

The New Zealand economy looks to be in dire shape, contracting 0.9% in the June quarter, but has it touched bottom?Most economists agree the economy is likely to bounce in the September quarter, but some of that will be statistical, given the tumble in the June quarter. They have mixed views on whether or not things are actually improving. “I’ve pencilled in a 1% number for Q3, which is partly underpinned by statistical noise. The Q2 shocker in part drives recoil in Q3,” Cameron Bagrie, managing director of Bagrie Economi...

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