New Zealand: Q2 GDP jumps 17.4% YoY

New Zealand: Q2 GDP jumps 17.4% YoY

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According to Statistics New Zealand, in the second quarter of 2021, New Zealand’s gross domestic product jumped 17.4% annually, versus a 2.9% advance in the final reading for the first three months of the year (0.8% decline in the last period of the year). 2020) and higher than the 16.3% economists had expected.

According to Statistics New Zealand, in the second quarter of 2021, New Zealand’s gross domestic product jumped 17.4% annually, versus a 2.9% advance in the final reading for the first three months of the year (0.8% decline in the last period of the year). 2020) and higher than the 16.3% economists had expected. On a sequential basis, however, New Zealand’s economy posted a 2.8% increase versus the prior 1.4% (1.0% decline in the previous year’s fourth quarter) and a 1% growth, 1% from the Wall Street Journal consensus.

(RR – www.ftaonline.com)

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