FX Expert Funded

New Zealand Q2 GDP -0.2% q/q (expected -0.4%)

New Zealand economic growth data for the April to June quarter of 2024

NZD/USD is around 0.6219, not a lot of change on this result.

New Zealand’s economy
contracted in Q2

retail trade and accommodation, agriculture, forestry,
and fishing and wholesale trade slowed

The Reserve Bank
of New Zealand had forecast the economy contracted by 0.5%.

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

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