Head Topics

New Zealand Economy Returns to Growth, Exiting Recession

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 43 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Bloomberg News

Statistics New Zealand,Gross Domestic Product,Reserve Bank

(Bloomberg) -- New Zealand’s economy exited recession with modest expansion in the first quarter.Most Read from BloombergWhat to Know About the Deadly Flesh-...

Nvidia’s 591,078% Rally to Most Valuable Stock Came in WavesNvidia Becomes World’s Most Valuable Company as AI Rally Steams Ahead

The GDP result matched the RBNZ’s forecast for 0.2% growth in the quarter. The central bank last month signaled it didn’t intend to lower rates until the second half of 2025, citing stubborn core inflation. Most economists are tipping the first rate cut in the final months of 2024 or early 2025. Investors have fully priced in a 25 basis point cut to the Official Cash Rate by November, according to swaps data.Three of 16 economists surveyed by Bloomberg had anticipated a first-quarter contraction, while two tipped nil growth and the remainder expected an expansion.

Steve Ballmer was hired as Bill Gates' assistant in 1980, became Microsoft CEO in 2000, and retired a decade ago with a hugely valuable 4% stake.

Filipino soldiers had to use their bare hands to fight off Chinese coast guards with swords, a general said

Source: Financial Digest (financialdigest.net)

Statistics New Zealand Gross Domestic Product Reserve Bank New Zealand Growth Environment

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Zealand govt delivers modest tax relief and lower spending as economy strugglesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia.
Source: PGCitizen - 🏆 65. / 51 Read more »

Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia.
Source: SooToday - 🏆 8. / 85 Read more »

Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia .
Source: PGCitizen - 🏆 65. / 51 Read more »

Macron heads to New Caledonia as Australia, New Zealand send evacuation flightsFrance’s High Commission in New Caledonia says the airport remained closed for commercial flights, and it will deploy the military to protect public buildings
Source: globeandmail - 🏆 5. / 92 Read more »