11 hours ago
- Business
- Wall Street Journal
New Zealand's Economy Grows by More Than Expected
SYDNEY—New Zealand's economy grew more than expected in the first quarter as falling interest rates helped lift the country out of an extended downturn, but fresh headwinds are gathering.
The economy grew by 0.8% in the quarter, a pace that was well above the 0.4% expansion forecast by the Reserve Bank of New Zealand, curbing expectations that the central bank will lower interest rates further at its next policy meeting in July.
