(Bloomberg) -- New Zealand's economic growth
accelerated in the first quarter as consumer spending and business
investment jumped, heightening speculation the central bank may
raise interest rates again.
Gross domestic product increased 1 percent in the three months
ended March 31 from the fourth quarter when the economy expanded 0.8
percent, Statistics New Zealand said in Wellington today. The median
estimate of 13 economists surveyed by Bloomberg News was for 1
percent growth.
Read more at Bloomberg Bonds News
accelerated in the first quarter as consumer spending and business
investment jumped, heightening speculation the central bank may
raise interest rates again.
Gross domestic product increased 1 percent in the three months
ended March 31 from the fourth quarter when the economy expanded 0.8
percent, Statistics New Zealand said in Wellington today. The median
estimate of 13 economists surveyed by Bloomberg News was for 1
percent growth.
Read more at Bloomberg Bonds News
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