New Zealand Prime Minister Jacinda Ardern said on Monday that the country's...
FILE PHOTO: New Zealand's Prime Minister Jacinda Ardern speaks during an interview with Reuters in Wellington, New Zealand, December 11, 2019. REUTERS/Yiming Woo/File Photo
WELLINGTON - New Zealand Prime Minister Jacinda Ardern said on Monday that the country’s gross domestic product is expected to slow to around 2% to 2.5% this year, due to the economic impact of the coronavirus epidemic. Ardern said the forecasts were from the treasury which had previously predicted a GDP growth of 2.2% to 2.8%. She said the impact will be seen in the first two quarters of the year.Reporting by Praveen Menon; Editing by Himani Sarkar
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