Gloomier view of growth rates
Economic growth is forecast to fall short of expectations set earlier this month by the Reserve Bank, economists say.
Monday, September 22nd 2003, 9:26AM
by The Landlord
ASB Bank expects gross domestic product (the value of goods and services produced in New Zealand) to increase by 0.1 per cent in the three months to June when the data is reported on Friday. This is below the 0.4 per cent rise the Reserve Bank anticipated. At that rate, annual gdp growth would drop from 4.4 per cent in the March quarter to 3.9 per cent.
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