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The latest NZIER Consensus Forecasts....>

NEW ZEALAND
NEW ZEALAND: The latest NZIER Consensus Forecasts saw a downward revision of NZ
near-term growth outlook. Surveyed economists now expect NZ economy to grow by
2.5% Y/Y this year vs. the previous forecast of a 2.9% growth.
- "The downward revision partly reflects a lower starting point in light of the
softer than expected data on economic activity. The export growth outlook has
also been revised lower, likely reflecting increasing uncertainty over the
effects of the trade war between the US and China. Slowing growth in China has
the potential to weigh on demand for New Zealand exports, both directly from
China and indirectly from Australia."
- The full report can be accessed at
https://nzier.org.nz/static/media/filer_public/7f/4b/7f4bf667-aecc-4a71-b1c9-5d6
2ea39d19a/consensus_forecasts_jun_2019.pdf.
- As a reminder, Q1 GDP comes out on Thursday.

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