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Quarterly Economic Report 
Quarterly Forecasts - The Only Way is Up?
Monday, 19 October 2009
  • The economy stabilised in Q2 and is in the process of gradually recovering.
  • Economy will remain vulnerable until business and export activity take baton from households.
  • RBNZ likely to lift OCR in 2010Q2, notwithstanding persistent NZD strength vs. USD and GBP.

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Report Prepared by:

Nick Tuffley
ASB Chief Economist
Phone: +64 9 374 8604
Fax: +64 9 302 0992






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The views expressed herein are those of the authors and are based on information believed but not warranted to be correct. Any views or information, whilst given in good faith, are not necessarily the views of ASB Bank Limited and are given with an express disclaimer of responsibility and no right of action shall arise against any of the authors, ASB Bank Limited or its employees either directly or indirectly out of any views, advice or information.

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