Economic Surprise Great News For Kiwis

Economic Surprise Great News For Kiwis

Stats NZ reported today that the economy grew 0.8 per cent in the first three months of the year, twice the rate forecast by the Treasury and the Reserve Bank a short time ago.

Economic growth still in the hole dug in 2024 – NZCTU

Data released by Stats NZ today shows that the economy grew on a quarterly basis by 0.8% but fell on an annual basis by 1.1% said NZCTU Te Kauae Kaimahi Economist Craig Renney. “This is positive data for the first quarter of this year, but the fact that the economy is about the same size it was in March 2023 tells you that essentially we have had almost zero economic growth (0.3%) over the past two years.” “GDP per capita ($52,872) is now lower …

New Zealand: Growth finds its feet – Standard Chartered

Q1 GDP rose 0.8% q/q, slightly above our 0.7% forecast and stronger than the RBNZ’s 0.4%. Services and manufacturing drove the gains, while construction stabilised after a year of contraction.

Economic surprise great news for Kiwis

Today’s surprise economic result is great news for workers, families and businesses, Finance Minister Nicola Willis said today. “Stats NZ reported today that the economy grew 0.8 per cent in the first three months of the year, twice the rate forecast by the Treasury and the Reserve Bank a short time ago. “This is the second consecutive quarter in which growth outstripped forecasters’ assumptions and confirms the economy was gaining momentum late…