NZ economy probably slowed in third quarter, but did it stall

Sun, 16 Dec 2012

Dec. 17 (BusinessDesk) – New Zealand economic growth probably slowed in the third quarter, as retail spending fell and agricultural production eased from its first-half highs, offsetting a strong pickup in construction activity. Gross domestic product grew 0.5 percent in the three months ended Sept. 30, according to a Reuters survey of nine economists, after a 0.6 percent expansion in the second quarter. Forecasts ranged from zero growth of 0.7 percent. Growth of 0.5 percent puts the market ahead of the Reserve Bank which on Dec. 6 forecast...

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