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flag New Zealand's services and manufacturing sectors worsen, predicting a 0.2% GDP drop this quarter.

flag New Zealand's services and manufacturing sectors continued to contract in June, with the services sector experiencing its fifth straight month of decline. flag The Performance of Services Index (PSI) rose slightly to 47.3 from 44.1 in May, but remains below the 50 mark indicating worsening conditions. flag Economists now predict a 0.2% decrease in GDP for the June quarter, with concerns over the timeline for economic recovery.

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