New Zealand GDP forecast lowered to 0.8% for H1 - coronavirus impact

ANZ Bank has lowered its projections for economic growth in NZ

0.8% for the first half of 2020

• from 1.3%

ANZ:

• The worrying novel coronavirus has led us to downgrade our first-half growth outlook.
• Uncertainty is extreme.
• We hope the virus is contained soon and the impact temporary