NZ expected to stumble from one recession into another

NZ expected to stumble from one recession into another
BNZ now forecasts the economy will contract in the final quarter of this year and the first quarter of 2024. (Image: Bloomberg)
Bloomberg
By Tracy WithersNew Zealand may emerge from recession in the current quarter but it will quickly stumble into another one.That’s the view of economists at three of the nation’s biggest banks, who predict a second recession beginning later this year.“Economic momentum has ground to a halt,” said Mike Jones, chief economist at the Bank of New Zealand (BNZ) in Wellington. “It looks as if this broad state of affairs will be with us until at least the end of the year.”BNZ now forecasts the economy will contra...

More Economy

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025
S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025