No cheer: economic drivers in the dumps
Tough year ahead as manufacturing and construction activity pulls back amid higher interest rates for longer.
WATCH: Economist Benje Patterson speaks with Jonathan Mitchell.
New Zealand’s key economic drivers are lagging, with sluggish economic momentum expected this year.
Statistics New Zealand data out yesterday showed gross domestic product rose 0.2% in the March quarter, following a 0.1% drop in the December quarter.
Half of the industries measured reported gains,
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