New Zealand’s Economic Growth Rate Held at 5-Year Low in 1Q

The transcript discusses the recent GDP growth, which was revised from 2.3% to 2.5%, indicating reasonable growth but still at a five-year low. The construction sector showed strength, while services were weak due to lower tourist spending and a sluggish housing market. Analysts express concerns despite the solid top-line number. The discussion shifts to monetary policy, with expectations of no change in the upcoming decision, but a strong likelihood of a rate cut in August or November.

What was the revised annual GDP growth rate mentioned in the video?

• 2.5%

• 3.0%

• 2.3%

• 2.0%

Which sector showed strength despite the overall weak GDP growth?

• Real Estate

• Tourism

• Construction

• Services

What is the main concern analysts have about the GDP numbers?

• Weak services and household spending

• Increased tourism spending

• High inflation rates

• Strong construction sector

What is the expected decision of the Reserve Bank in the upcoming meeting?

• Decrease interest rates

• No change in policy

• Increase interest rates

• Introduce new monetary policy

When is a rate cut most likely to occur according to economists?

• December

• May

• August

• September