Global Economic News

New Zealand Q2 GDP Tumbles 12.2% On Quarter

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.

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by RTTNews Staff Writer

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