NZ economic growth probably slowed to 0.9 percent pace in 4th qtr while current account gap shrank

Sun, 16 Mar 2014

March 17 (BusinessDesk) – New Zealand’s economic growth probably slowed in the fourth quarter, after a dairy sector-driven spike three months earlier, while the continued growth in primary exports helped shrink the nation’s current account deficit. Gross domestic product rose 0.9 percent in the final three months of 2013, based on a Reuters survey of 11 economists. The current account gap narrowed to $1.4 billion for an annual deficit of $7.4 billion, or 3.3 percent of GDP, a separate survey showed. The fourth quarter rounded off a lumpy 201...

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