📝 See New Zealand Growth Stalling Completely In 2023: BNZ
- Rosbel Durán
- May 11, 2022
- 1 min read
Our central forecast, currently, is that New Zealand’s growth stalls completely in 2023. The danger is that the wheels well and truly fall off. See the RBNZ hiking the OCR to 3-3.5%, this would be the steepest rise in rates since the inflation targeting began. Whichever way you look at it, the planets are aligning in such a way that a recession seems difficult to avoid. When we talk the possibility of recession, we are referring to some time in 2023 when the full impact of rate increases and falling asset prices hits home. In stark contrast, we are expecting strong expansion in GDP in the second and third quarters of this year
- BNZ Research
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