YEAR IN REVIEW: NZ economy rocks on as milk's star fades

Mon, 29 Dec 2014

By Fiona Rotherham Dec. 29 (BusinessDesk) - 2014 was a year of the rockstar economy where New Zealand was a top performer compared to other OECD countries with an annualised GDP growth rate of 3.5 percent while inflation remained in check. The economic uplift boosted business confidence and the employment rate even though it was mainly due to the Christchurch rebuild and Auckland housing boom. It also attracted record numbers of migrants including returning Kiwi expats deciding the grass really was greener on this side of the Tasman. I...

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