The Macro Equity Illusion and the Breaking of the Two-Year Lending Streak

The Macro Equity Illusion and the Breaking of the Two-Year Lending Streak

June 28, 2026 · 32 min · Season 7 · Episode 28

About this episode

Nick Goodall and Kelvin Davidson discuss the economic indicators signaling a slowdown in New Zealand's economy.

Send us a question/idea/opinion direct via text message! The underlying data is flashing clear warning signs of economic consolidation. This week on the New Zealand Property Market Podcast, Head of Research Nick Goodall and Chief Economist Kelvin Davidson dissect the latest New Zealand Activity Index (NZAC) and the Reserve Bank’s weekly updated Kiwi GDP Nowcast. The metrics reveal a stark economic slowdown in Q2, dropping bank expectations for a July Official Cash Rate (OCR) increase into a d...

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Host: Nick Goodall

Guest: Kelvin Davidson

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Organizations: Reserve Bank, New Zealand Activity Index, Kiwi GDP Nowcast

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