New Zealand: Indications for Q4 GDP look a little stronger - ANZ

Analysts at ANZ came out with their latest view on what to expect from the fourth quarter New Zealand GDP data due on the cards this Thursday.

Key Highlights:

“Indications for Q4 look a little stronger.

The bank retains a generally positive view on medium-term growth prospects.

But see the potential for growth over the next few quarters to remain somewhat mediocre and sub-trend on the back of headwinds:

• From the softer housing market
• Transitioning in terms of its growth drivers
• Unease regarding the new political direction
• Dry weather potentially hampering agricultural production

See reasonable prospects of a growth wobble.”