16 Jun 2022 New Zealand Q1 GDP -0.2 QoQ versus 0.6% expected, NZD/USD retreats towards 0.6250 New Zealand’s first quarter (Q1) 2022 Gross Domestic Product (GDP) dropped to -0.2% on QoQ comrpared to 0.6% market forecasts and 3.0% previous readings. more to come