Scoop has an Ethical Paywall
GDP result at top end of expectations
GDP result at top end of expectations
Finance Minister Michael Cullen today welcomed the December GDP result, saying it was at the top end of consensus forecasts.
The figures show the economy grew 0.8 per cent over the quarter and 4.4 per cent over the year.
The quarterly growth was broad-based with exports rising 2.8 per cent and household spending up 2 per cent.
“This continues what has been three years of healthy growth.
“However recent consumer
and business confidence data suggest that activity is now
beginning to cool off in response to the Gulf war, the
rising dollar, the prospect of power rationing and the
threat of drought,” Dr Cullen
said.
Advertisement - scroll to continue reading
Gordon Campbell: On The Hikoi Arrival, And Taylor Childers
Surf Life Saving NZ: Volunteer Lifeguards Make Big Effort To Keep Us Safe, As Paid Lifeguard Service Commences In Northern Region
Action Station: Biggest Ever Community Petition, With Over 200,000 Signatures, Opposes Treaty Principles Bill
Palestinians for Hīkoi mō te Tiriti: Statement From Palestinian Leaders - Hīkoi Mō Te Tiriti Is A Historic Moment For All In Aotearoa
Anglican Church in Aotearoa: Anglican Archbishops To Join Hīkoi Mō Te Tiriti In Wellington
Wai Ako Books: Best-Selling Author & Lawyer Creates Free Easy Tool To Help Kiwis Oppose Controversial Treaty Bill
Asians Supporting Tino Rangatiratanga: Asian Communities From Across Aotearoa Join Hīkoi Mō Te Tiriti
