interest.co.nz·4 min read·hard
Breakfast briefing: The air is going out of the global economy
✦AI Summary
Global economic indicators show a slowdown in the US economy, with lower-than-expected GDP growth and cooling inflation. Meanwhile, China is planning stimulus measures to address weak domestic demand, and Japan is intervening to support the yen.
Here's our summary of key economic events overnight that affect New Zealand, with news the giant US economy is slowing. It hasn't had three consecutive lackluster quarters in at least a decade, certainly not since the GFC.
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