ANZ forecasts New Zealand recession from 2Q 2023 - matching the NZ Treasury forecast

From earlier this week:

• New Zealand Treasury forecasts Recession to begin in Q2 2023

ANZ in NZ match this now:

• Our updated forecast has the economy entering recession in Q2 2023, with an overall decline in economic activity of 1.3% between Q2 2023 and Q1 2024.

ANZ projections for the RBNZ cash rate - much higher: