Thu, 21 Jun 2012 07:26:02 GMT
New Zealand economy grew faster than expected in Q1
The GDP of New Zealand expanded at faster pace than initially expected in Q1, reported Statistics New Zealand. The economy of the country grew by 1.1% on a seasonally adjusted basis in Q1 as compared to a 0.3% gain in the preceding quarter.Experts predicted the GDP to grow by 0.5% in Q1. Following the data release, the New Zealand Dollar