GDP result in line with expectations
26 March 2004 Media Statement
GDP result in line with expectations
Finance Minister Michael Cullen said
the latest GDP figures showing growth in the December
quarter of 0.6 per cent and for the year of 3.5 per cent
were in line with expectations of a modest slowdown over the
coming year.
“But the economy continues to show resilience as evidenced in the 5.2 per cent increase in exports over the quarter and the lift to 3.7 per cent in business investment,” Dr Cullen said.
ENDS