GDP Result Disappointing But Historic - Cullen
"The zero March quarter gross domestic product result is
disappointing, but is also three months out of date,"
Finance Minister Michael Cullen said today.
evidence points to an increase of growth in the next two
"The latest merchandise trade figures show
exports are booming, consumer and business confidence are
both in positive territory, and the Canterbury
Manufacturers' Association survey out today shows average
export turnover is up 34 percent on last year.
GDP result is 2.5 per cent. Most of this was driven by
exports which rose a healthy 6.8 percent over the year.
Goods exports were up 5 per cent, and services - including
tourism - were up 12 percent," Dr Cullen said.
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Joseph Cederwall: The End Of ‘Objectivity’ In Journalism
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