NZ economic growth seen slowing as low commodity prices weigh

Thu, 21 May 2015

By Paul McBeth May 21 (BusinessDesk) - New Zealand's economic growth is expected to slow from previous forecasts as low global commodity prices weigh on the nation's exports of primary products, which account for about 15 percent of the country's overseas sales. Gross domestic product grew 3.3 percent in the year ended March 30 according to the Treasury's latest forecasts in the 2015 budget, slower than the 3.5 percent pace predicted in the December half-year fiscal and economic update. That pace of growth is seen shrinking to 3.1 percent...

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