GDP: Economy weaker than expected in March quarter
Economist 'shocked' by quarterly decline, with worker absenteeism weighing on economy.
Economists were surprised by fall in economy in March quarter.
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Economists were surprised by the quarterly decline in New Zealand’s economy, which was weaker than forecast at the beginning of 2022 because of a fall in primary and goods producing sectors.
Stats NZ data out today showed a fall of 0.2% in the March quarter, following a 3% rise in the December
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