GDP Figure Shows Sturdy Economic Growth
"The GDP figure for September has finally put paid to the
mutterings of the doom merchants," Finance Minister Michael
Cullen said today.
"Opposition predictions of a technical
recession have been blown out of the water.
got growth of 0.7 percent over the September quarter and 4.5
percent over the September year.
"This result suggests
that the DEFU forecast for 2.2 percent growth this year may
be a little on the light side. That is good news for the
country," Dr Cullen said.
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New Reports: Flood Risk From Rain And Sea Under Climate Change
One report looks at what would happen when rivers are flooded by heavy rain and storms, while the other examines flooding exposure in coastal and harbour areas and how that might change with sea-level rise.
Their findings show that across the country almost 700,000 people and 411,516 buildings worth $135 billion are presently exposed to river flooding in the event of extreme weather events...
There is near certainty that the sea will rise 20-30 cm by 2040. By the end of the century, depending on whether global greenhouse gas emissions are reduced, it could rise by between 0.5 to 1.1 m, which could add an additional 116,000 people exposed to extreme coastal storm flooding. More>>