New Zealand Q3 GDP comes in much better than expected

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New Zealand Q3 GDP comes in much better than expected

<p>New Zealand GDP for Q3:</p><p>+2.0% q/q</p><ul><li>expected +0.9%, prior +1.7%</li></ul><p>+6.4% y/y</p><ul><li>expected +5.5%, prior +0.4%</li></ul><p>Yesterday NZ Treasury forecast a recession for New Zealand beginning in Q2 next year:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-treasury-forecasts-3-quarters-of-a-shrinking-economy-ahead-20221214/" target="_blank" rel="follow" data-article-link="true">New Zealand Treasury forecasts 3 quarters of a shrinking economy ahead</a></li></ul><p>If so then Q1 2023 will have to be ugly indeed. </p>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: New Zealand Q3 GDP comes in much better than expected

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