New Zealand Recession 2024 Predictions. There are clear signs of a continued weakening in economic activity as households and businesses hunker down in response to the interest rate increases to date. New zealand home prices are forecast to rise around 5% in the next two years as lower interest rates boost demand again following a 19% correction in the market following the.

Gross domestic product gained 0.2% from the previous quarter, when it declined. Households have reduced their discretionary spending in the face of higher mortgage repayments and more.