Jamie Mackay: The Country host on June quarter figures showing New Zealand's trading power is holding strong
New Zealand's trading power has proved more resilient than expected, but one economist warns the worst is yet to come.
Stats NZ data shows the June quarter bucked expectations as the 'terms of trade' rose 0.4 percent after easing 1.5 percent earlier in the year.
The Country's Jamie Mackay says ANZ's Susan Kilsby observed that the data didn't capture recent slumping global dairy prices- indicating future problems down the track.
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