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New Zealand's Sizzling Economy Sees Goldman Go Out On a Limb Over Rates

Goldman's even contradicting the central bank.
Tourists take a ride on a jetboat around Lake Wakatipu in Queenstown, New Zealand.

Tourists take a ride on a jetboat around Lake Wakatipu in Queenstown, New Zealand.

Photographer: Mark Coote/Bloomberg
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New Zealand's sizzling economy has prompted Goldman Sachs to go out on a limb and call an end to the country's easing cycle.

Data last week showed gross domestic product expanded 3.6 percent in the year through June, putting New Zealand among the fastest-growing economies in the developed world and suggesting inflation should finally start to gather pace.