Moderate GDP growth unlikely to worry RBNZ, economists say

Thu, 21 Mar 2019

By Rebecca Howard March 21 (BusinessDesk) - New Zealand’s economy grew less than the central bank expected in the fourth quarter but economists don't expect the data to spur any change in the Reserve Bank's message at next week's policy review. Gross domestic product expanded 0.6 percent in the three months to Dec. 31 versus a 0.3 percent rise in the September quarter and was 2.3 percent higher than the same quarter a year earlier, Stats NZ said. Economists had expected GDP to expand 0.6 percent on the quarter and 2.5 percent on the year...

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