NZ economy found its feet but storm clouds are gathering

Economic prospects are dimming, with a step-down in growth possible in the next quarter. (Image: Getty)

Thu, 19 Jun 2025

New Zealand’s economy expanded slightly more than expected in the March quarter, but storm clouds are gathering.New Zealand’s gross domestic product lifted 0.8% on quarter in the March quarter versus the December quarter, when it lifted a revised 0.5%.The March figure was slightly higher than the 0.7% expansion most economists had expected. It was also ahead of the RBNZ’s forecast for a 0.4% expansion.“Repair of the economy is under way but significant risks are apparent,” said ASB Bank economist Wesley Tanuvasa.Th...

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