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Some calm has returned to financial markets after the rollercoaster start to last week.
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And given it is a fairly heavy week for NZ data, markets may even pay a little more attention to what is happening here after understandably being very focussed on last week’s US developments.
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The key release is Friday’s GDP, but the current account deficit will get a little more attention than it was last year.
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Report Prepared by:
Nick Tuffley
ASB Chief Economist
Phone: (649) 374 8604
Facsimile: (649) 302 0992