More Weak GDP For New Zealand, Westpac Says
More Weak GDP For New Zealand, Westpac Says
We expect New Zealand's GDP fell by 1.1 percent in Q4 2008,
completing four consecutive declines in economic activity, predict
the analysts at Westpac. Q4 is not only on track to be the worst
quarter for growth of last year but the worst since 1991. Combined
with the mild declines in the first three quarters of 2008,
economic activity in Q4 2008 is expected to be down 2.0 percent
from the same quarter a year earlier.view original article
