New Zealand's economy is bigger than thought

Thu, 19 Dec 2019

Not only did the economy grow more than expected in the September quarter, but it's several billion dollars bigger than previously thought.Stats NZ had previously said the economy was worth $300 billion in the 12 months to June 2019, up from $289.4 billion in the June 2018 year. Today it revised those figures up to $303.4 billion and $293 billion respectively. The economy is about 1 percent bigger than previously thought “so good news indeed,” said ASB Bank senior economist Jane Turner.Importantly, it also grew around $3.6 billion over the...

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