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2025-12-18 06:20:33
[New Zealand's Q3 GDP Rebounds Beyond Expectations, Interest Rate Cuts Show Effect] 1. Latest data shows that New Zealand's economy recovered more strongly than market expectations in the third quarter. The effects of the interest rate cut policy are beginning to appear, helping the country's economy return to a growth trajectory after contracting in the second quarter. 2. Statistics New Zealand announced on Thursday that its GDP grew by 1.1% quarter-on-quarter in the third quarter, higher than economists' previous forecast of 0.9%. After experiencing a significant recession last year, the country's economy finally responded positively to the central bank's aggressive interest rate cuts, with several indicators, including retail spending, manufacturing, and construction, showing signs of improvement. 3. Analysts point out that due to the still considerable spare capacity in the current economy, this recovery is not expected to significantly exacerbate inflationary pressures in the coming year.
