NZ Economy Set for Faster Growth

S&P Global Ratings has upgraded its outlook for New Zealand's economy, citing rising domestic confidence. The agency expects the country's economy to grow faster in 2026 and 2027 than previously forecasted.

The improved GDP forecasts are based on research from S&P Global Ratings, which suggests that the next government will inherit a stronger economy than anticipated. This development is significant as it comes ahead of the November election.

New Zealand's economy has been experiencing a surge in domestic confidence, driven by factors such as low unemployment and rising consumer spending. As a result, S&P Global Ratings has revised its GDP forecasts upwards for both 2026 and 2027.