New Zealand has a "two-speed" economy, Moody's Analytics says

Wed, 18 Mar 2015

By Tina Morrison March 18 (BusinessDesk) - New Zealand has a "two-speed" economy as strong domestic demand cushions a weaker export sector, according to Moody's Analytics. GDP data due tomorrow will probably show New Zealand's economy expanded 0.8 percent in the fourth quarter of last year, said Faraz Syed, an associate economist at Moody's Analytics, a division of Moody's Corp which is independent of the credit ratings service. "Dry weather weighed on exports and production, though the domestic economy continued to tick along," Syed s...

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