As it was informed by "Market Leader (US)"
New Zealand economy grows despite expectations
Forex news. The data on GDP has proved surprisingly high – 0.8%, although economists were predicting the growth of a little less than 0.5%, whereas Reserve Bank was expecting only 0.3%. A devastating earthquake in February had a strong influence on the country’s economy; however, as it turned out, this had a minor influence on manufacturing sector, which was almost unaffected. Rapid growth was mainly achieved by means of manufacturing and, although some enterprises in Christchurch were disabled during the earthquake, most of them continued their work.