Ahead of GDP data next week, economists reckon the economy went backwards, but there’s no technical recession on the horizon.
Smaller firms are struggling more than larger counterparts and hope for more interest rate cuts, according to Kiwibank.
Chief economist Paul Conway says global growth is expected to be more modest and monetary policy is not ‘set and forget’.
Email exchange in which Neil Quigley wrote, ‘I am sorry Adrian lost his cool’, was just two weeks before former governor’s sudden resignation.
Northland already makes a critical economic contribution, NZIER says.
Annual inflation rose to 2.7% in the June quarter, below expectations of just under 3%.
Fresh data suggests economy still not firing on all cylinders nearly a year after first interest rate cut.
WATCH: Both the RBNZ and RBA are expected to cut their respective cash rates next month once more data flows through the system.
The central bank is closely monitoring inflation, which is hovering near the top end of the 1-3% target band.
More economists expect the central bank to hold the official cash rate at 3.25% amid geopolitical and trade uncertainty.