New Zealand Economy Growth
The New Zealand economy grew by 0.8 per cent in the March quarter despite the devastating earthquake in Canterbury, showing the best signs yet that the pace of economic recovery is quickly picking up.
In seven out of the past eight quarters, Gross Domestic Product has grown according to Statistics New Zealand, this included a 1.5 per cent growth until March this year.
Finance Minister Bill English says the quick recovery shows the resilience of the New Zealand economy as a whole and highlights bright prospects for the future.
“The rebuild, along with near record commodity export prices, interest rates at 40-year lows, improving business and household confidence, lower household debt and the upcoming Rugby World Cup, give us confidence in the outlook for New Zealand’s economy,” he said.
“We’re also confident this recovery will be built on a sound platform of higher savings, exports and productive investment, rather than the excessive borrowing, consumption and government spending of much of the past decade.”
This news brings great hope to people looking to work in New Zealand as the recovering economy is in constant need of migrant workers. If you are considering relocating to New Zealand then let the Emigration Group help you. We can offer a range of visa options to suit you and your family and help place you in a job. To find out more call us today on 01244 32141 (North) or 0207 118 2526 (South).