UPDATE: Economists unimpressed as GDP growth comes in as expected

Thu, 21 Sep 2017

(recasts lead and updates to add economists comments throughout) By Rebecca Howard Sept. 21 (BusinessDesk) - Economists were unimpressed by news that the economy grew in the second quarter, warning much of the growth was due to one-offs and won't spur the central bank to lift interest rates any time soon. Gross domestic product expanded 0.8 percent in the three months to June 30, up from a revised 0.6 percent expansion in the March quarter and was 2.5 percent higher on the year, Statistics New Zealand said. The median in a Bloomberg...

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