Gdp Press Releases

www.EMBARGOED UNTIL 9AM ET, THURSDAY 11 JANUARY According to the 2024 Social Progress Index, 4 out of 5 people in the world live in a country where social progress is stagnating or declining.

Trend Analysis indicates that the New Zealand economy is cooling more rapidly than anticipated, with longer recession and entrenched inflationary pressures expected through 2023.

Last week markets faced a triple-whammy of data, including the July Federal Reserve rate decision, the second-quarter GDP (gross domestic product) reading, and the ongoing second-quarter earnings season, with a focus on large-cap technology.

Inflation worries took the back seat last week, as the focus shifted to corporate earnings and the deteriorating outlook for global growth.