Stronger Q3 growth clouded by weaker global outlook

Key highlights Q3 GDP growth was stronger than expected, growing 0.8% compared to market expectations of 0.6%. Encouraging signs of stronger underlying momentum were tempered by downward revisions to historical growth. RBNZ focus remains on Eurozone debt crisis, and deteriorating global growth outlook.     Report prepared by: Jane Turner ASB Economist Phone: +64 9 301 5660 Fax: +64 9 302 0992