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Deepening recession shocks Reserve Bank

December 20, 2024 - 13:00 -- Admin

On Thursday, Statistics New Zealand released the national accounts for Q3 2024, which reported a 1.0% decline in GDP over the quarter to be 1.5% lower annually. As illustrated in the following table from major bank ASB, the result was far worse than economists, the market, and the Reserve Bank’s expectations. The result meant the

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