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The Goldman Sachs analysts revised down its economic growth forecasts for both Australia’s and New Zealand’s economy.

Key projections

Sees Q1 2020 at -0.3% QoQ.

Australia’s 2020 GDP projected at 2.1% vs. 2.4% previous.

Sees New Zealand’s GDP at -0.1% in Q1 and 2.3% for 2020 vs. 2.5% previous forecast.