Today’s figures reinforced that the New Zealand economy has lost some of its momentum in recent times as GDP rose by 0.5% in the March quarter, following gains of 0.6% in each of the previous two quarters, explains Michael Gordon, Senior Economist at Westpac. Key Quotes “There were some minor revisions to history that nudged the annual growth rate down to 2.7% after rounding.” “Growth was widespread across industries, but modest in most cases.” “The economy has lost some momentum as firms take a cautious approach to the new Government and as the housing market has cooled.” “Softer growth in the near term provides some caution about the scope for additional fiscal spending, and reinforces that the case for OCR hikes is some way off.” 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 US Sec. of State Pompeo may visit N. Korea this weekend or next week – Yonhap FX Street 3 years Today's figures reinforced that the New Zealand economy has lost some of its momentum in recent times as GDP rose by 0.5% in the March quarter, following gains of 0.6% in each of the previous two quarters, explains Michael Gordon, Senior Economist at Westpac. Key Quotes "There were some minor revisions to history that nudged the annual growth rate down to 2.7% after rounding." "Growth was widespread across industries, but modest in most cases." "The economy has lost some momentum as firms take a cautious approach to the new Government and as the housing market has cooled." "Softer growth in… Top 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.
