Weak economic growth is expected to continue a while.
GDP fell 0.3 percent in the three months to September - a much worse result than forecast by most economists.
BNZ Economist Stephen Toplis says it will take time to get a sunnier situation.
"Market conditions ease, and that gives the economy a bit of a boost. But I think, realistically speaking, we're talking until the middle of next year."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.