Michael Gordon, senior economist at Westpac, notes that the New Zealand’s GDP rose by 0.6% in the December quarter, in line with market forecasts. Key Quotes “Growth for the year as a whole slowed to 2.8%, slipping below the 3% mark for the first time since September 2014.” “Household spending and construction were highlights for the quarter, while personal and business services were mixed. Energy sector disruptions were a temporary drag on growth.” “Today’s results give us more comfort around our view that growth will regain some momentum over 2019.” “Growth was a little below the Reserve Bank’s forecast, but not enough to warrant a change of tone in next week’s OCR review.” 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 AUD/USD Technical Analysis: Hits 18-day high, bullish outside-day makes today’s close pivotal FX Street 4 years Michael Gordon, senior economist at Westpac, notes that the New Zealand's GDP rose by 0.6% in the December quarter, in line with market forecasts. Key Quotes "Growth for the year as a whole slowed to 2.8%, slipping below the 3% mark for the first time since September 2014." "Household spending and construction were highlights for the quarter, while personal and business services were mixed. Energy sector disruptions were a temporary drag on growth." "Today's results give us more comfort around our view that growth will regain some momentum over 2019." "Growth was a little below the Reserve Bank's forecast, but… 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.
