Forsyth Barr investment strategist Zoe Wallis joined Herald NOW to preview a key week for markets, with New Zealand’s Q3 GDP data due Thursday. She said economists expect a strong rebound of around 0.9% after the sharp contraction in the June quarter, but warned the release is likely to be volatile, with historical revisions potentially reshaping the picture. Wallis said forward indicators are more encouraging, pointing to improving manufacturing activity, stronger exports, firmer retail spending and early signs of a lift in building work. She also flagged uncertainty around the Half Year Economic and Fiscal Update, including whether the Government’s return-to-surplus timeline holds. Looking further ahead, Wallis said 2026 could mark a rotation away from AI-driven tech dominance toward property, infrastructure and New Zealand-listed equities as domestic fundamentals improve.

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