Economic Buzz: New Zealand Economy Grows Annually 2.50% In Q1

Gross domestic product (GDP) rose 0.3 percent in the March 2013 quarter, with the Canterbury rebuild and the 2013 drought having offsetting effects, Statistics New Zealand said today. This modest growth in economic activity follows a rise of 1.5 percent in the December 2012 quarter. Economic activity for the year ended March 2013 was up 2.5 percent when compared with the March 2012 year.Source by Commodity Insights