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New Zealand’s GDP recovery still fragile despite potential Q4 growth uptick
- The economy had contracted by 1.0% in Q3 and 1.1% in Q2, the worst decline since 1991.
- The RBNZ has cut rates by 175 basis points since August 2024, with further cuts planned.
- Global trade tensions, particularly US tariffs on China, pose risks to New Zealand’s exports.
March 19, 2025