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First quarter GDP rises 2.4% annually, above the 0.9% forecast

The New Zealand’s Gross Domestic Product for the first quarter of 2021 grew by 2.4%, well above the 0.9% expected and -0.8% in the fourth quarter of 2020. This is the largest increase recorded since the third quarter of 2019.

QoQ GDP increased 1.6% versus 0.5% forecast, after falling to -1% in the previous quarter.

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