New Zealand growth prospects looking good through to 2014

Here is a graph from the BNZ which paints a rosy picture for the NZ economy – looking at a 3% increase in GDP this year followed by 3.7% in 2014. Investment is probably the reason for the forecasted growth – with the construction industry especially in Christchurch. However trade will most likely be subdued as demand for imports has been on the increase at the same time the dry summer has affected primary exports. Nevertheless by international standards New Zealand is in reasonably good shape when you consider the problems in Europe and the USA.
Global Growth Index

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