With New Zealand’s real GDP having plunged last quarter, the output gap is now at its most negative level since the Global Financial Crisis. The excess capacity in the economy will exert downward...

The Bank of Japan will probably look past the ongoing fall in headline inflation, given that underlying inflation is holding up reasonably well. Accordingly, we still think there’s a case for the Bank...

We expect growth to average more than 2.0% annualised in the second half of the year. The recent slowdown in employment growth and limited pass-through of tariffs to consumer prices has opened the...