Economic Weekly: Equities wobble and NZ Q1 GDP due

  • Last week saw global equities stumble as rising COVID-19 infection rates in some US states saw investors wake up to the prospect of a second wave of US infections and the potential for reinstated lockdowns.
  • The key event for domestic markets this week is StatsNZ’s first estimate of Q1 GDP.
  • On Page 2 Mark Smith updates our estimates on the neutral OCR, and looks at some of the impacts of the RBNZ’s Quantitative Easing programme.

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Mark Smith

Senior Economist

Mark joined ASB in 2017, with over 20 years of public and private sector experience working as an economist in New Zealand and the UK.

His resume includes lengthy stints at ANZ and the Reserve Bank of New Zealand, and he has also worked at the Bank of England, HM Treasury and the New Zealand Transport Agency. Mark's areas of specialisation include interest rate strategy, macro-economic analysis and urban economics.

Born and bred in the Waikato, Mark studied at Waikato University where he graduated with a Master of Social Sciences, majoring in Economics.

Mark's key strengths are the ability to use his extensive experience, inquisitive nature, analytical ability, creativity and pragmatism to dig a little deeper and to deliver common sense solutions to tackle complex problems.

When not at work Mark likes to travel, keep fit and spend time with his friends and family.