The New Zealand economy is firing on all cylinders. Annual GDP growth is currently sitting at 3.0%, and should increase, shortly, to its highest level in a decade. On an annual average basis, we are forecasting 4.0% growth for calendar 2014 and 3.5% the year after. Importantly, the expansion is not only deepening but widening too with growth being experienced across a number of sectors including: construction, agriculture, manufacturing, tourism, housing-related activity and retail.
Read the full report: Economic Research
BNZ