Investment Insights (Q3 2023)

New Zealand officially entered a recession of the slimmest of margins in June 2023, due to two consecutive quarters of negative economic growth. Factors causing a decline include weakness in professional business services, following a series of devastating weather events earlier in the year.

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Mercer’s Investment Portfolio Manager James Wilson shares insights from Mercer’s global network of investment experts covering:

The outlook for local markets as New Zealand entered a recession in June 2023.
The official cash rate increase and what it means for Kiwi investors.
Key trends we are likely to see in quarter three.

^{This information has been prepared by Mercer (N.Z.) Limited for general information only. The information does not take into account your personal objectives, financial situation or needs.}

^{3 August 2023}

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Investment Insights (Q3 2023)