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NZ GDP review, March quarter 2024: Slow Grind
The New Zealand economy grew by 0.2% in the March quarter. • That beat our forecast of a modest decline, but the details offered little to alter our view of the state of the economy. • Activity has effectively been flat for the last year and a half, as higher interest rates have gradually applied the brakes. • But there is more work to go to bring inflation pressures under control, and in some respects our spending habits are still looking unsustainable. table Today’s GDP figures confirmed that the New Zealand economy remains in a flat patch. While the 0.2% rise in the March quarter means that it managed to ... (full story)
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- Posted: Jun 21, 2024 12:22am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,236
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