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Forex

New Zealand Economy Stalls Amid Middle East Crisis

Guavy AI Editorial Team
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NZD
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New Zealand's economy has grown at a slower pace in the second quarter due to the crisis in the Middle East. According to official data released on September 17, gross domestic product (GDP) rose by 0.2% compared to the prior quarter.

This is better than analysts' forecast of a 0.1% increase and the Reserve Bank of New Zealand's prediction of no growth. Annual GDP increased by 2.6%, exceeding market expectations of a 2.2% rise.

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