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13 Jul 2024 19:49
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  •   Home > News > Business

    Weak economies in other developed countries are impacting GDP growth in New Zealand

    Weak economies in other developed countries are impacting GDP growth in New Zealand


    The economy grew 0.2 percent in the March quarter, officially taking the country out of a technical recession.

    However per capita, GDP has decreased by 0.3 percent.

    ASB Senior Economist Kim Mundy says what happens offshore has an influence, with China and other major economies tightening monetary policy.

    She says they expect it to take a while before there's a more pronounced growth in GDP in New Zealand.

    © 2024 Newstalk ZB, NZCity

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