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globalreutersSeptember 17, 20241 Mins read
New Zealand’s Treasury: Indicators for June quarter GDP point to a drop in economic activity
globalreutersSeptember 17, 20241 Mins read Ahead of New Zealand’s (NZ) second-quarter Gross Domestic Product (GDP) data release on Thursday, the country’s Treasury published on Tuesday, noting that “indicators for June quarter GDP point to a drop in economic activity.” Additional takeaways We anticipate the economy contracted by 0.4% in the quarter, down from a forecast of 0.2% growth at our Budget Update.
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