S&P Global Ratings has revised its growth forecast for New Zealand’s economy upward, projecting a 2.4% expansion for 2025 and a 2.5% growth for 2026. This adjustment reflects a half percentage point increase in both years compared to earlier estimates. The revised outlook comes amid ongoing economic stability and resilience in the face of global uncertainties.
The updated forecast highlights confidence in New Zealand’s economic performance, driven by strong labor market conditions and steady consumer spending. S&P noted that the country’s diversified economy has helped it weather recent global challenges, including inflationary pressures and geopolitical tensions.
The agency also emphasized the importance of fiscal discipline and monetary policy in maintaining this growth trajectory. While risks remain, particularly from external factors, S&P believes the New Zealand economy is well-positioned to sustain its recovery.
