Orange light helps NZ economy dodge recession

Stats NZ senior manager Ruvani Ratnayake said fewer restrictions under the orange traffic light supported growth in covid-affected industries.

Dan Brunskill

Thu, 15 Sep 2022

New Zealand’s economy expanded 1.7% in the June quarter, bouncing back from a negative quarter faster than many economists had predicted.Statistics NZ's gross domestic product (GDP) quarter result was better than expected, with economists' forecasts ranging between 0% to 1.8%, according to BNZ Research.The Reserve Bank of New Zealand (RBNZ) forecast the economy would expand by 1.8% while Kiwibank and ASB picked growth of 1.1% and 1.2%, respectively. The economy contracted 0.2% in the March quarter but June's expansion mea...

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