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New Zealand’s Gross Domestic Product contracts 1.0% QoQ in Q3 vs. -0.4% expected

New Zealand’s Gross Domestic Product (GDP) shrank by 1.0% QoQ in the third quarter (Q3) compared with a 1.1% contraction (revised from -0.2%) in the second quarter, the Australian Bureau of Statistics (ABS) showed on Thursday.

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