There is no recession in New Zealand

There is no recession in New Zealand
(Image: Deposit Photos)
Paul McBeth
New Zealand’s economy will narrowly avoid recession as the combination of a fiscal boost, faster recovery in foreign visitors and the immediate clean-up after the North Island storms stokes activity. The Treasury had been predicting a shallow recession through 2023 as rising interest rates started to bite, but it upgraded its forecast in the budget economic and fiscal update due in part to the government’s more expansionary spending programme providing a 1.7% boost to gross domestic product, having previously been seen as a 0.8...

More Economy

August RBNZ rate cut beckons but not a done deal
Economy

August RBNZ rate cut beckons but not a done deal

It will all come down to how the data pan out. 

Rebecca Howard 10 Jul 2025
RBNZ hits pause but keeps future rate cuts on table
Economy

RBNZ hits pause but keeps future rate cuts on table

It was the first pause since August last year when the official cash rates were at 5.5% 

Rebecca Howard 09 Jul 2025
RBNZ pauses at 3.25%
Economy

RBNZ pauses at 3.25%

The Monetary Policy Committee still expects to lower the official cash rate. 

Rebecca Howard 09 Jul 2025
NZ dollar struggles under tariff shadow, RBNZ in spotlight
Economy

NZ dollar struggles under tariff shadow, RBNZ in spotlight

The RBA’s surprise decision to hold adds to the view the RBNZ will pause. 

Rebecca Howard 09 Jul 2025