NZ economy grows a tad in March quarter

(Image: Getty)

Thu, 20 Jun 2024

The New Zealand economy grew slightly in the March quarter, coming out of recession.The gross domestic product grew 0.2% in the March quarter compared to December when it contracted 0.1%.The data was in line with what the Reserve Bank of NZ had forecast. Economists had expected it to be slightly weaker.“There were a range of results at industry level, with 8 of the 16 industries rising this quarter,” national accounts industry and production senior manager Ruvani Ratnayake said.Rises were seen in rental, hiring and real estate servi...

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