New Zealand’s Budget Insights: GDP and Inflation Outlook 2024
Early this morning, New Zealand’s Budget Release included important comments from Finance Minister Nicola Willis. She mentioned that the Treasury expects inflation to drop below 3% by the third quarter of 2024 and to around 2% by 2026. Moreover, the Treasury predicts a GDP decline in the first half of 2024, followed by growth in the second half of the year.
Key GDP Data
At 8:00 AM, Switzerland will release its Q1 Gross Domestic Product (GDP) data, with expectations steady at 0.3%. Any deviation could affect the Swiss Franc and influence market sentiment.
Key GDP Data
Later, at 10:00 AM, the Eurozone will report Consumer Confidence for May and the Unemployment Rate for April. The forecasts are -14.3 and 6.5%, matching the previous figures.
Key GDP Data
In the afternoon, the U.S. will release the preliminary Q1 Gross Domestic Product (GDP) annualized figure at 1:30 PM. The forecast is 1.3%, down from the previous 1.6%.
Key GDP Data
Additionally, the United Kingdom is awaiting a speech from BoE Governor Bailey at 7:50 PM. While the forecast is unknown, any unexpected comments could influence the market.
Key GDP Data