New Zealand Q4 GDP growth misses market expectations
New Zealand's GDP rose 0.2 percent in the fourth quarter, trailing forecasts. The data supports the central bank's choice to keep interest rates unchanged.
Xurve View
Insights:
Xurve View
The economy of New Zealand recorded marginal growth in the final quarter of the year, although the results fell short of market expectations. Official data released by Statistics New Zealand on Thursday showed that gross domestic product (GDP) rose by 0.2% in the fourth quarter compared to the previous three-month period. This expansion was weaker than the 0.4% growth projected by analysts and the 0.5% increase previously forecasted by the nation's central bank.
