Joyce disagrees with Treasury's per-capita GDP forecast

Thu, 16 Jun 2016

By Sophie Boot June 16 (BusinessDesk) - A string of better-than-expected data points to faster economic growth on a per capita basis than Treasury's projections, Economic Development Minister Steven Joyce says. Data released by Statistics New Zealand earlier this morning showed gross domestic product per capita had edged up just 0.1 percent in the first quarter. In its Budget economic and fiscal update released at the end of May, Treasury said annual average per capita GDP growth was "expected to remain low at 0.5 percent in June 2016 an...

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