UPDATE: NZ economy softer than expected in 4Q, likely to remain subdued near term

Wed, 14 Mar 2018

(Recasts lead and updates to add comment from economists) By Rebecca Howard March 15 (BusinessDesk) - The New Zealand dollar fell a quarter US cent after news New Zealand's economy grew at a slower-than-expected pace in the fourth quarter and economists now expect near-term growth to remain subdued. Gross domestic product expanded 0.6 percent in the three months to Dec. 31, versus a 0.6 percent expansion in the third quarter, and was 2.9 percent higher on the year, Statistics New Zealand said. Economists expected GDP expanded 0.8 per...

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