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New Zealand Q1 GDP -0.1% q/q (expected -0.1%)

New Zealand data showing the country slipped into recession in Q1 with a second consecutive quarter of contraction q/q.Two consecutive quarters of negative growth (economic contraction) is generally accepted as the definition of a recession. Q1 GDP -0.1% q/qexpected -0.1%, prior -0.7% (revised from -0.6%)2.2% y/yexpected 2.6%, prior 2.2%more to come This article was written by Eamonn Sheridan at www.forexlive.com... Read More

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Posted: Jun 14 2023, 22:45

Author Name: forexlive

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