Household confidence is very weak, suggesting household spending is vulnerable. We expect spreading weakness in retail spending as the year progresses. |
It would take a sharp slowdown in both house sales and retail sales for the RBNZ to show some mercy. |
It's a whopper. It's 8 percent (of gross domestic product) on my numbers and definitely bigger than what I had expected. |
It's a whopper. The very large and worrying deficit reflects the imbalances facing the New Zealand economy. |
The economy will slow more quickly than the Reserve Bank assumes. |
We expect weak household consumption, business investment and inventory run down to result in a negative headline number. |