New Zealand's gross domestic product contracted 1.0 percent on quarter in the fourth quarter of 2020, Statistics New Zealand said on Thursday.
That missed forecasts for an increase of 0.1 percent following the downwardly revised 13.9 percent increase in the previous three months (originally 14.0 percent).
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.