NZ economy probably grew 0.75% in 4th quarter helped by migrant tailwind

Fri, 10 Mar 2017

By Rebecca Howard March 10 (BusinessDesk) - New Zealand’s economy likely continued to expand in the fourth quarter of 2016, bolstered by the ongoing surge in migration but weaker output in the primary and manufacturing sectors is tipped to weigh on growth. The gross domestic product likely grew 0.75 percent on quarter in the fourth quarter, according to the median of eight economists in a BusinessDesk survey, slower than the Reserve Bank's 1 percent prediction. The economy expanded 1.1 percent in the third quarter. Annual growth was prob...

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