David Hood 6 days ago
From before the announcement (earlier this morning), the Reserve Bank expectation was -0.3%, and of the major banks 3/5 expected it to be worse with a -0.4% or -0.5% (The NZIER was also quoted, as an outlier, as forecasting around 0% for the quarter).
The announced plummet was -0.9%.
add a skeleton here at some point