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flag New Zealand’s economy gains momentum with strong retail sales, rising construction, and manufacturing, boosting hopes for a GDP rebound.

flag New Zealand’s economy shows broadening recovery momentum, with third-quarter retail sales up 1.9%—the largest gain in nearly four years—driven by lower interest rates, strong primary sector income, and rebounding tourism. flag Card spending rose 7.7% in November, building consents jumped 24% from April’s low, and manufacturing PMI reached 51.4, signaling expansion. flag These trends support expectations of a 0.9% quarterly GDP rise, potentially ending 18 months of annual contraction. flag However, a 22% drop in global dairy prices since May threatens farmer income, and migration to Australia may limit population growth. flag While growth is improving, risks remain, with analysts projecting a return to 2-3% annual growth by late 2026.

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