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flag Westpac report predicts a "cold" economic downturn in Auckland and Wellington, but sees support from agriculture.

flag Westpac's latest report shows New Zealand's major cities, Auckland and Wellington, facing an economic downturn, described as "cold." flag However, the agricultural sector is expected to support the economy, with lower interest rates anticipated to boost spending. flag While businesses are starting to feel more optimistic, uncertainties, like the tariff war, are making companies cautious about major investments. flag 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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