Michael Gordon, senior economist at Westpac, suggests that they are expecting a 0.3% rise in New Zealand’s December quarter GDP, less than market expectations or the Reserve Bank’s forecast. Key Quotes “There seems to have been a genuine slowdown in growth over late 2018, though it was exacerbated by some temporary disruptions in the energy sector.” “Both the New Zealand and Australian economies have slowed in recent times, but for different reasons. Household spending and construction were highlights for New Zealand in the December quarter.” “We expect the annual current account deficit to widen to 3.9% of GDP, a six-year high. The terms of trade fell over 2018 and import volumes have remained strong.” 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 GBP/USD: Increased odds of No deal Brexit post-May’s plan failure FX Street 4 years Michael Gordon, senior economist at Westpac, suggests that they are expecting a 0.3% rise in New Zealand's December quarter GDP, less than market expectations or the Reserve Bank's forecast. Key Quotes "There seems to have been a genuine slowdown in growth over late 2018, though it was exacerbated by some temporary disruptions in the energy sector." "Both the New Zealand and Australian economies have slowed in recent times, but for different reasons. Household spending and construction were highlights for New Zealand in the December quarter." "We expect the annual current account deficit to widen to 3.9% of GDP, a six-year… 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.
