NZ economy may have expanded 0.7% in first quarter as primary industries recover

Sun, 11 Jun 2017

By Rebecca Howard June 12 (BusinessDesk) - New Zealand’s economy likely continued to expand in the first quarter of this year as output in the primary industries recovered and strong population growth continued to spur the services sector, helping offset weaker construction output. The median in a Reuters poll of 11 economists forecast gross domestic product expanded 0.7 percent in the three months ended March 31 for an annual pace of 2.7 percent. The central bank is forecasting quarterly growth of 0.9 percent. New Zealand's economy grew ...

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