Economy Well-Placed To Weather Global Slowdown
Thursday, 22 November 2001, 9:22 am
Press Release: New Zealand Government
Finance Minister Michael Cullen said the latest National
Bank Regional Trends survey was yet more evidence that New
Zealand was well-placed to weather the effects of a global
slowdown.
“It shows continuing growth across most regions
in the September quarter, and nationwide growth in the
September year of 3.4 percent.
“As a trading nation, New
Zealand cannot help but be affected by a deterioration in
the international outlook. But the strong start to the year
will give the economy the resilience and momentum to cope
with the downturn, and to take early advantage of a world
recovery,” Dr Cullen said.
Ends
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