New Zealand still has 'rock star economy', says HBSC chief economist Bloxham

Thu, 09 Apr 2015

By Fiona Rotherham April 9 (BusinessDesk) - HSBC chief economist Paul Bloxham, who first coined the phrase ‘rock star’ in January last year to describe New Zealand’s economic growth, says it’s still a rock star despite lower dairy prices and slower growth in its major trading partners. In an Asian economic quarterly report out today, Bloxham said a range of indicators show the New Zealand economy continues to be supported by a construction boom, with 15 out of 16 sectors that contribute to gross domestic product growth showing expansion o...

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