New Zealand’s (NZ) Gross Domestic Product (GDP) unexpectedly expands 0.4% in the first three months (Q1) of 2020 vs. -1% expected and +0.5% booked in the Q4 2019, according to the latest data published by the Statistics NZ on Thursday.
more to come …
About NZ GDP
The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.
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