30 Jun 2014
NZ GDP may be peaking about now - BNZ
FXStreet (Bali) - Stephen Toplis, Head of Research at BNZ, believes that GDP growth in New Zealand is peaking about now, noting that this view was reinforced strongly today with the release of ANZ’s business outlook which revealed a continued downtrend in business sentiment.
Key Quotes
A number of factors are combining to ensure that this will be so: "the marginal contribution to growth from the Christchurch earthquake rebuild is reaching a peak, the stimulus provided to the economy from the soaring terms of trade is about to start reversing, interest rate increases will eventually bite, net migration inflows may be peaking, there is likely to be further fiscal austerity no matter the colour of Government."
Key Quotes
A number of factors are combining to ensure that this will be so: "the marginal contribution to growth from the Christchurch earthquake rebuild is reaching a peak, the stimulus provided to the economy from the soaring terms of trade is about to start reversing, interest rate increases will eventually bite, net migration inflows may be peaking, there is likely to be further fiscal austerity no matter the colour of Government."