NZ economy seen expanding in June quarter, per capita growth still weak

Fri, 15 Sep 2017

By Rebecca Howard Sept. 15 (BusinessDesk) - New Zealand’s economy likely expanded at an aggregate level in the second quarter but per capita growth was probably tepid as migration runs hot. The median in a Bloomberg poll of 12 economist's forecasts for gross domestic product grew 0.8 percent in the three months ended June 30 and 2.5 percent on the year. The central bank is projecting quarterly growth of 0.9 percent in the second quarter. New Zealand's economy grew 0.5 percent in the first quarter and annual growth was 2.5 percent. AN...

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