Solid rebound: Workers at a construction site in Auckland. The RBNZ is aiming to engineer a recession in 2023 to suppress demand and rein in inflation. — Bloomberg
WELLINGTON: New Zealand’s economy grew more than twice as much as economists expected in the third quarter, underscoring the difficulty the central bank faces in trying to damp demand to curb inflation.
Gross domestic product (GDP) jumped 2% from the second quarter, when it gained an upwardly revised 1.9%, Statistics New Zealand said yesterday.
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