Flash: New Zealand GDP Q2 expected to fall 0.1% - ANZ

FXstreet.com (Barcelona) - Ahead of the New Zealand GDP, Economists at ANZ expect a 0.1% decline for Q2, although a strong rebound in momentum is expected in the second half of the year, ANZ said.

Key Quotes

"Given timelier data is pointing to strengthening economic momentum, market reaction to a below-consensus Q2 GDP outturn is likely to be relatively temporary; a more sustained reaction is likely to come from a strong print."

"An improved outturn for the external accounts may support the NZD, although evidence the domestic-centric nature of the lift in activity will undo this over time."