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How real-time data can lead to better decisions on everything from NZ’s interest rates to business investment

Written by Dennis Wesselbaum, Associate Professor, Department of Economics, University of Otago

It is late July, and New Zealand is slowly receiving economic data from the June quarter. Inflation has hit a 12-month high, for example, confirming what many already suspected. But the country is still nearly two months away from getting figures on economic activity – namely, gross domestic product (GDP).

Official statistics such as GDP and...

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