NZ's already tepid economic growth heading for a nose dive

NZ's already tepid economic growth heading for a nose dive
Rebecca Howard
New Zealand's economy was already slowing in the final quarter of last year and economists warn a sharp contraction is on the horizon as they call for the Reserve Bank to act. Gross domestic product expanded 0.5 percent in the December quarter, bringing annual growth to 1.8 percent, slowing from a 2.3 percent pace in the prior quarter.   "The decline in GDP growth in New Zealand in the fourth quarter shows that the economy was struggling even before the covid-19 outbreak, which will surely drag the New Zealand economy into recess...

More Economy

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Inflation data keep RBNZ rate cuts on track
Economy

Inflation data keep RBNZ rate cuts on track

Today's data point to inflation peaking close to 3% in 3Q. 

Rebecca Howard 16 Sep 2025
Cars from collapsed dealer at director’s previous firm
Economy

Cars from collapsed dealer at director’s previous firm

Cars were moved off the yards before the insolvencies.

Gregor Thompson 16 Sep 2025