Kiwi spikes against Aussie after surprise GDP contraction
Yesterday was just the fourth time in a quarter of a century GDP contracted in Australia.
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Yesterday’s shocking contraction of economic growth in Australia sent the kiwi dollar soaring against the Australian currency.
GDP growth fell by -0.5% on the quarterly measure, pulling it down to 1.8% year-on-year – the first time economic growth has slipped below 2% since the 2008 global
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Jason Walls
Thu, 08 Dec 2016
Thu, 08 Dec 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Kiwi spikes against Aussie after surprise GDP contraction
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