Building boom, tourism, push economic growth higher
Unexpectedly strong GDP growth makes RBNZ rate cut less likely in August.
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Hawke’s Bay
Economic growth has again defied forecasters, rising 2.8% year on year and 0.7% for the March quarter.
The average market forecast was for a 0.5% rise for the quarter and 2.6% increase year on year. The Reserve Bank anticipated a rise of 0.6% for the quarter and 2.7% for the year.
That makes a
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Building boom, tourism, push economic growth higher
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