NEW ZEALAND ECONOMY
FIRING ON MOST CYLINDERS
The New Zealand economy is firing on
many, though not all cylinders. The end
result is growth at a level that would be the
envy of many in the developed world. GDP
growth came in at 3.6% year-on-year (2.8%
annual average) in the year to June 2016.
That compares with 3.3% in Australia, 1.6%
in the Euro area, 1.1% in the United States
and 0.6% in Japan.
