10 Mar 2020

Covid-19: BNZ economists predict recession

From Morning Report, 8:10 am on 10 March 2020

BNZ's economists say it is probable not just plausible New Zealand's economy will enter a recession as the economy struggles with the coronavirus outbreak.

In a market update the bank advised it was "formally forecasting at least two quarters of negative growth".

Stephen Toplis is the BNZ's head of research