23 Jun 2014
Pace of growth in New Zealand to moderate a little - Westpac
FXStreet (Bali) - Westpac expects the pace of growth in New Zealand to moderate a little from here.
Key Quotes
"Last week was the climax of the New Zealand quarterly data calendar, with March quarter GDP and current account data released."
"Both releases printed close to expectations and contained relatively little to surprise markets, confirming that the NZ economy is running along at a decent clip."
"But our view is that this may well be as good as it gets (on a quarterly basis at least), and we expect the pace of growth to moderate a little from here."
Key Quotes
"Last week was the climax of the New Zealand quarterly data calendar, with March quarter GDP and current account data released."
"Both releases printed close to expectations and contained relatively little to surprise markets, confirming that the NZ economy is running along at a decent clip."
"But our view is that this may well be as good as it gets (on a quarterly basis at least), and we expect the pace of growth to moderate a little from here."