20 Mar 2025

Economy will be slow to recover: economist

From Nine To Noon, 9:05 am on 20 March 2025
Stack of New Zealand dollars

Photo: 123RF

Sluggish, limping, a slow slog.....some of the expectations of economists and commentators around how the economy is recovering. 

GDP figures out later this morning are expected to show the economy grew about 0-point-3 percent in the final three months of last year. 

It follows a 1 percent contraction in the September quarter, and a 1.1 percent fall in the June quarter, meeting the definition of a technical recession. 

The BNZ's head of research, Stephen Toplis, says poor domestic consumer confidence and uncertainty in global markets are big factors holding the economy back.

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