New Zealand’s Economy on a Seven – Year High

New Zealand’s economy is on a seven-year high with 3.3 percent growth in the last year and the size of the economy growing to 238 billion New Zealand dollars in 2014. In comparison Australia only grew by 2.5%.

“This is the largest growth we’ve seen in retail and accommodation since the 2011 Rugby World Cup,” national accounts manager Gary Dunnet said in a statement.

The biggest impact in the miracle economy’s growth has been overseas visitors. New Zealanders themselves also made a significant contribution.

“Where this growth really makes a difference to New Zealanders and their families is in their household budgets. They are earning more, saving more and borrowing less,” Finance Minister Bill English said in a statement.

Article Source: Global Times, Xinhua, March 19, 2015.

Image Source: pixabay.com