Australia & New Zealand Economics

Australia & New Zealand Chart Book

28 March, 2018

Bounce back in activity unlikely

Both the Australian and New Zealand economies failed to regain any momentum at the end of 2017 with GDP rising by a slower than expected 0.6% q/q in New Zealand and just 0.4% q/q in Australia. Admittedly, some of this weakness can be explained by temporary factors that are unlikely to persist. For instance, the unusually dry weather at the end of last year triggered a sizeable contraction in agricultural production in New Zealand. That said, the recent flow of economic data has been fairly mixed

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