No economic ‘hallelujah’ moment just yet, says ANZ
ANZ economist Henry Russell has a word of caution about the stronger than expected GDP data.
WATCH: ANZ economist Henry Russell speaks with Jonathan Mitchell.
Don’t break out the champagne to celebrate the end of the deep recession just yet, ANZ cautions.
Yesterday, Statistics NZ data showed the economy expanded by 0.7% in the December quarter, following a 1.1% contraction in both the September and June quarters.
Economists had broadly expected growth of
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