{"id":152594,"date":"2025-09-18T12:12:09","date_gmt":"2025-09-18T12:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/152594\/"},"modified":"2025-09-18T12:12:09","modified_gmt":"2025-09-18T12:12:09","slug":"new-zealand-economy-shrank-more-than-forecast-in-2nd-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/152594\/","title":{"rendered":"New Zealand Economy Shrank More Than Forecast in 2nd Quarter"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">New Zealand\u2019s economy shrank much more than economists forecast in the second quarter, fueling bets that the central bank may need to cut interest rates more aggressively than it currently projects. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Gross domestic product slumped 0.9% in the three months through June following a revised 0.9% expansion in the first quarter, Statistics New Zealand said Thursday in Wellington. Economists expected a 0.3% contraction. <\/p>\n","protected":false},"excerpt":{"rendered":"New Zealand\u2019s economy shrank much more than economists forecast in the second quarter, fueling bets that the central&hellip;\n","protected":false},"author":2,"featured_media":152595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[3244,45,49,48,2445,548,46,3607,893,9316,5441,80515,2100,44426,80732],"class_list":{"0":"post-152594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bonds","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-economic-growth","13":"tag-economics","14":"tag-economy","15":"tag-gdp","16":"tag-government","17":"tag-interest-rates","18":"tag-new-zealand","19":"tag-new-zealand-dollar-spot","20":"tag-policy","21":"tag-reserve-bank","22":"tag-statistics-new-zealand"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/152594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=152594"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/152594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/152595"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=152594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=152594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=152594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}