Australia and New Zealand Weekly

Westpac analyzes the Australian 2026/27 Budget reforms and the sudden economic downturn in New Zealand caused by Middle East geopolitical tensions and energy price spikes.

Key Takeaways

• 1.The 2026/27 Australian Federal Budget introduces significant tax reforms to capital gains tax and negative gearing to improve housing supply and productivity.
• 2.New Zealand's economic outlook has deteriorated significantly due to energy price shocks from the Middle East conflict, leading to lower GDP forecasts and higher inflation.
• 3.New Zealand monetary policy is expected to tighten, with the OCR projected to rise to 3% starting as early as May to combat persistent inflation.

Table of Contents

• Economic Insight
• The Week That Was
• Focus on New Zealand
• For the week ahead
• Looking Further Ahead
• Corporate Directory

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial