RESEND: NZ GDP probably bounced back in second quarter, concealing weaker underlying growth

Sun, 13 Sep 2015

(Adds dropped word 'curbed' in second paragraph) By Jonathan Underhill Sept. 14 (BusinessDesk) - New Zealand's economy probably bounced back in the second quarter, after one-off factors dented growth in the first three months of 2015, but the recovery masks weaker underlying growth, reflecting the impact of low dairy prices, falling business investment and subdued trading partner demand. Gross domestic product grew 0.6 percent in the second quarter, according to a Reuters survey of forecasts ahead of Thursday's release of the official...

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