Investor Presentaiton
New Zealand economic overview.
Interest rates rising in response to firm economy activity and increasing inflation.
Economics
New Zealand GDP ($bn)
$bn
Consumer prices (% year)
$bn
%yr
80
9
80
Westpac
forecasts
%yr
Westpac
forecasts 8
8
15
75
75
70
70
Initial COVID-19
lockdown
'Red Traffic light'
(Omicron)
6
70
10
65
65
65
59
3
Delta
lockdown
2
60
60
и
RBNZ target band
1
m
98765432-O
0
55
55
Jun-18
2005
2008
2011
2014
2017
2020
2023
Jun-19
Jun-20
Jun-21
Jun-22 Jun-23
Jun-24
Sources: Stats NZ, Westpac Economics
Unemployment rate (%)
8
7
CO
6
LO
4
%
3
2
2006
2008
Sources: Stats NZ, Westpac Economics
Official Cash Rate (%)
%
%
8
6
Westpac
forecasts
7
5
6
4
5
3
4
2
3
1
2
0
2011
2014
2016
2019
2022
2010
Sources: Stats NZ, Westpac Economics
118 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
2012
Westpac
forecasts
%
0
LO
4
3
2
1
0
2014
2016
2018
2020
2022
2024
Sources: RBNZ, Westpac Economics
Westpac GROUPView entire presentation