Treasury forecasts gentler slowdown

Tuesday 10 August 2004

New Zealand's robust economy may experience a more moderate slowdown in the second half of the year than first forecast, helped by strong world prices for commodity exports, the Treasury says.

By The Landlord

In its economic indicators report for July, released yesterday, the Treasury said the level of economic activity over the first half of 2004 would be stronger than forecast after gross domestic product grew 2.3 per cent in the first quarter. The rate of quarterly growth was still expected to slow over the year ahead, it said in the report on its website (

"However, there may be sufficient momentum in the domestic economy, coupled with a slightly stronger performance by the external sector, to suggest that the slowdown in the second half of 2004 may be more moderate than initially forecast," it said.

Read More - Opens in a new window
Commenting is closed

Property News

Downward pressures might push investors out

There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer