Forex
NZ Economy Beats Expectations Amid Global Uncertainty
New Zealand's economy has managed to navigate the uncertainty caused by Middle East tension thanks to emerging strength in certain sectors, particularly construction. The country's GDP expanded by 0.2% in the June quarter, which is in line with economist expectations.
The construction sector is a key driver of this growth, providing some legs for the economic recovery. Despite the global uncertainty, New Zealand has managed to escape contraction and achieve marginal growth.