NZ economy likely expanded, left recession in rear-view mirror

The economy is expected to have expanded in December. (Image: Getty)

Mon, 17 Mar 2025

Economists expect the economy expanded in the December quarter but many remain cautious about the outlook for 2025.ASB Bank economist Wesley Tanuvasa and senior economist Mark Smith said the economy likely grew 0.3% quarter-on-quarter, in line with forecasts from the central bank.This would mark a significant improvement after the economy contracted 1% quarter-on-quarter in the September quarter and 1.1% in the June quarter. Sight for sore eyes“Q4 growth will be a sight for sore Kiwi eyes, but we think momentum into 2025 is slower th...

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