Goldman Sachs revises down Australia and New Zealand 2020 GDP forecasts

The Goldman Sachs analysts revised down its economic growth forecasts for both Australia’s and New Zealand’s economy.

Key projections

Sees Q1 2020 at -0.3% QoQ.

Australia’s 2020 GDP projected at 2.1% vs. 2.4% previous.

Sees New Zealand’s GDP at -0.1% in Q1 and 2.3% for 2020 vs. 2.5% previous forecast.