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New Zealand Third Quarter GDP Falls 0.4% |
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Asian Economy |
Written by CEP News |
Dec 22 08 20:58 GMT |
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(CEP News)- New Zealand's GDP fell by 0.4% in the third quarter, against expectations for a 0.5% decline and a 0.2% decline in the second quarter.
On an annual basis, GDP fell by 0.1%, in-line with expectations and against a 1.0% annual increase in the second quarter. Nominal GDP fell by 1.8% quarter over quarter, against a 1.4% decline in the second quarter. Annual nominal GDP was up 0.1% annually, after a 2.9% increase in the second quarter. By Megan Ainscow,
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