ASB Bank anticipates an economic recovery in the coming months, despite reporting a decrease in annual after-tax profit. The profit dip is largely attributed to a significant settlement paid out last year following a class-action lawsuit. CEO Vittoria Shortt acknowledges ongoing economic uncertainty, stating it has become the standard condition. However, she remains optimistic about a return to economic momentum. The bank's outlook suggests a cautious approach, recognizing the present challenges while anticipating improvement. This forecast comes as New Zealand navigates a period of economic fluctuation. ASB's statement reflects a wider sentiment among financial institutions regarding the nation’s economic landscape.