New Zealand’s GDP result was a little below Westpac Institutional Bank forecast, but close to market expectations. Today’s result also confirms Westpac’s view that the economy was picking late last year. Key quotes “New Zealand’s GDP rose by 0.5% in the December quarter. That was just below our forecast for a 0.6% rise, but in line with the average analyst forecast.” “For the year to December 2019, the New Zealand economy grew by 2.3%. That compares to growth of 3.2% over calendar 2018.” “Today’s result predates the outbreak of Covid-19. It confirms our view that the economy was picking late last year. Nevertheless, we still expect a significant deterioration in economic activity over the coming year.” “There was no reaction to today’s result.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Spanish Economy Minister: Its not the right moment to assess economic from coronavirus outbreak FX Street 2 years New Zealand’s GDP result was a little below Westpac Institutional Bank forecast, but close to market expectations. Today’s result also confirms Westpac's view that the economy was picking late last year. Key quotes “New Zealand’s GDP rose by 0.5% in the December quarter. That was just below our forecast for a 0.6% rise, but in line with the average analyst forecast.” “For the year to December 2019, the New Zealand economy grew by 2.3%. That compares to growth of 3.2% over calendar 2018.” “Today’s result predates the outbreak of Covid-19. It confirms our view that the economy was picking late… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
