Ultima Markets: [Market Hotspot] New Zealand2023Fall into a technical recession at the end of the year...

New Zealand's Gross Domestic Product (GDP) Following the decline in the third quarter0.3% Afterwards, the fourth quarter report declined0.1%To make the market more responsive to growth0.1% Expected failure. past times5Total occurrences within quarters4The second recession is mainly attributed to a contraction in wholesale trade (since the third quarter)-2.2%Descend to the fourth quarter-1.8%) and decrease in retail sales (from the third quarter-0.4%Descend to rank Four Seasons-0.9%）。

The performance varies among different industries,16 There are industries with8Growth includes leasing, human recruitment, real estate, as well as public management, security, and defense. Finally, the Gross Domestic Product (GDP) continued to decline from previous levels0.6% Afterwards, the present value decreases annually 0.3%。

(GDPgrowth rateQoQ%New Zealand Bureau of Statistics)

Around noon on Thursday,NZX 50 Index decline 46.43 Point, drop 0.39%, enclosed in 11,811.82 Point, the first decline in three days. The latest data shows that the country is2023 In the fourth quarter of the year, there was a technical recession, and traders felt pessimistic about it, exacerbating the overall selling pressure. In addition, the New Zealand dollar fell below the US dollar 0.605 US dollars, close to the past4The lowest point of a month.

(NZDUSDHalf year line chart)

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