New Zealand’s Fragile Recovery: GDP Edges Up 0.2% Amid Persistent Deficits
New Zealand's economy expanded by a slim 0.2% in the fourth quarter, signaling a precarious recovery as high interest rates dampen domestic demand. The nation also reported a significant NZ$4.6 billion current account deficit, underscoring persistent external imbalances that may complicate the Reserve Bank's path toward monetary easing.