“New Zealand’s economic growth slowed to half the pace economists predicted in the fourth quarter as manufacturing fell, adding to the case for no change in interest rates until next year.
Gross domestic product rose 0.3 percent in the three months ended Dec. 31 from the previous quarter, when it increased a revised 0.7 percent, Statistics New Zealand said in a report released today in Wellington. The result compares with the 0.6 percent median projection in a Bloomberg News survey of 16 economists….”
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