Forex
Fuel Prices Threaten NZ Economic Growth
According to ANZ, high fuel prices are expected to slow down New Zealand's economic growth in 2026 but not derail its recovery. The bank notes that while the impact of higher fuel costs will be significant, it is unlikely to cause a major disruption to the economy.
The forecast comes as global oil prices continue to rise, putting upward pressure on fuel prices in New Zealand. ANZ states that without any changes in economic policies or external shocks, inflation in 2026 is expected to remain high due to strong labor market conditions and supply chain pressures.