New Zealand's gross domestic product dropped 12.2 percent on quarter in the second quarter of 2020, Statistics New Zealand said on Thursday - marking the country's largest single-quarter decline on record.
That actually beat forecasts for a decline of 12.8 percent following the 1.6 percent drop in the previous three months.
Service industries fell 10.9 percent on quarter, while primary industries were down 8.7 percent and goods producing industries fell 16.3 percent.
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