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Westpac report predicts a "cold" economic downturn in Auckland and Wellington, but sees support from agriculture.
Westpac's latest report shows New Zealand's major cities, Auckland and Wellington, facing an economic downturn, described as "cold."
However, the agricultural sector is expected to support the economy, with lower interest rates anticipated to boost spending.
While businesses are starting to feel more optimistic, uncertainties, like the tariff war, are making companies cautious about major investments.
The report, based on various economic indicators, highlights uneven recovery across regions, with some showing signs of improvement due to strong rural economies or international tourism.
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El informe de Westpac predice una "fría" recesión económica en Auckland y Wellington, pero ve apoyo de la agricultura.