Summary from NZ Treasury (bolding mine - key points IMO)
Executive Summary
- GDP grew 0.5% in the December quarter
- The annual current account deficit widened to $7.9 billion (2.8% of GDP)
- Trade data suggests a rebound in June exports with high commodity prices
- Early indicators for June quarter consumption look soft, and business confidence fell further
- The OCR stayed at 1.75%
- Global growth started strong in 2018 though risk around trade are rising
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