Growth tumbles as oil, milk prices slump
Today's unexpectedly low GDP figure means further interest rate cuts by the Reserve Bank are likely next month rather than later in the year.
Annual economic growth has fallen from 3.5% to 2.6%, dragged down by a slump in farm and other primary production over the first three months of the year.
Today's unexpectedly low GDP figure means further interest rate cuts by the Reserve Bank are likely next month rather than later in the
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Rob Hosking
Thu, 18 Jun 2015
Thu, 18 Jun 2015
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Growth tumbles as oil, milk prices slump
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