Solid bounce to spur investor optimism

Thu, 17 Dec 2020

A solid bounce in third-quarter economic growth will give investors more reason for optimism as the country weathers the impact of covid-19.Gross domestic product is expected to have grown by as much as 13-to-14 percent in the September quarter after shrinking 12.2 percent in the June quarter, “confirmation that the recovery is on track,” said BNZ senior strategist Jason Wong.Investors were already in a better mood after Treasury lifted its employment and GDP forecasts in yesterday’s half-year fiscal update. “There...

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