Here is the lasted BNZ new zealand market outlook, which includes:
Migration inflows remain stellar putting upward pressure on housing and unemployment
While providing a safety net for the softening economy
Fonterra result to confirm improving outlook?
As past price pressure batters the trade balance
There’s a lot going on in the New Zealand economy that suggests tougher times may be ahead: commodity prices have slumped; the Christchurch rebuild is peaking; the weather may soon prove unhelpful; and confidence levels are falling.
But, for the time being at least, it seems inconceivable that New Zealand activity should start to contract when the population keeps growing at such a heady pace – largely driven by ongoing net migration inflows.