NZ 2Q GDP seen slowing to 0.3 percent

Sun, 16 Sep 2012

By Jonathan Underhill Sept. 17 (BusinessDesk) - The New Zealand economy’s pace probably slowed in the second quarter from the first, though forecasts range from a small contraction to a modest 0.7 percent rise as economists ponder the impact of a strong kiwi dollar on manufacturing and the timing of Christchurch’s rebuild. A Reuters survey of 13 economists predicts gross domestic product grew 0.3 percent in the second quarter, slowing from the first quarter’s 1.1 percent pace. That’s slower than the 0.6 percent pace forecast in the Reserve Ba...

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