GDP figures a good story about sustainable growth
29 March 2001 Media Statement
GDP figures - a good story
about sustainable growth
"The GDP figures for December,
showing growth of 0.5 percent in the quarter and 3.4 percent
in the year, tell the story of an economy on a steady and
sustainable growth path," Finance Minister Michael Cullen
"The increase is export and tourism driven and
is supported by a strong surge in business investment which
was up 4.8 percent over the quarter.
coupled with a competitive exchange rate, are further
evidence that New Zealand has enough economic momentum to
sustain a temporary downturn in world demand," Dr Cullen
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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>>