New Zealand GDP for Q2 -12.2% q/q (sa) (vs. expected -12.5%)

Author: Eamonn Sheridan | Category: News

NZ economic growth (contraction) for the April to June quarter

GDP (as)  -12.2% q/q 
  • expected -12.5%, prior revised to -1.4% from -1.6%
GDP -12.4% y/y 
  • expected -12.8%, prior -0.2% 
Obviously impact from the COVID-19 pandemic and NZ's Alert 4 level lockdown which shuttered around a third of the economy through April. A wind back to Alert levels 3 and 2 that followed allowed some rebound. 
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