Official data out on Thursday showed gross domestic product
(GDP) fell 0.6% in the December quarter, failing to meet
forecasts of a 0.2% contraction and well below the revised 1.7%
rise seen in the third quarter.
Annual growth slowed to 2.2%, as primary industries and
manufacturing sectors shrank.
(Reporting by Lucy Craymer;
Editing by Sandra Maler)
WELLINGTON, March 16 (Reuters) - New Zealand's economy
shrank in the last quarter as the central bank's aggressive
hiking of interest rates led businesses to invest less and
people to reduce spending.
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