NZ's 2024 GDP growth forecast ranks among IMF's lowest estimates

In 2024, eight countries are predicted to have lower GDP growth than NZ. (Image: Getty)

Thu, 12 Oct 2023

The International Monetary Fund (IMF) is predicting the New Zealand economy will grow 1.0% in 2024, and one expert said that puts NZ near the bottom of the heap. The IMF’s latest economic outlook projections say NZ's gross domestic product growth (GDP) will be 1.1% in 2023.It is predicting advanced economies will see GDP growth of 1.5% in 2023, falling to 1.4% in 2024. It said despite war-disrupted energy and food markets and unprecedented monetary tightening to combat decades-high inflation, economic activity had slow...

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