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2025-09-15 07:54:43
[Moody's: New Zealand's economy is expected to see zero growth or weak growth in the second quarter] Moody's Analytics said in a report that New Zealand's economy is expected to record zero growth or weak growth of 0.1% quarter-on-quarter in the second quarter. The agency said that households and businesses have become cautious, thus halting the rapid recovery momentum seen in the fourth quarter of last year and the first quarter of this year. The agency added that tariffs and global uncertainty may cause companies to cut investment and recruitment, which can be seen from business confidence indicators. The country's economy grew by 0.8% in the first quarter, far higher than the 0.4% growth forecast by the Reserve Bank of New Zealand. GDP data will be released on Thursday.
