New Zealand's gross domestic product saw its largest ever drop in the second quarter of 2020, tumbling 12.2 percent, Statistics New Zealand said on Thursday.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 industri...
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.