The New Zealand economy will grow strongly over the next
couple of years, according to the latest NZIER consensus
forecasts. Coming at the same time as the improved forecasts
from the Treasury, it could be a good year ahead. Business
editor Dene Mackenzie reviews the latest data.
Lyttelton Port of Christchurch (LPC) shares soared to a
record high yesterday, prompting Port Otago to confirm that
in February next year it will, for the first time, consider
whether to sell its stake.
New Zealand's September quarter GDP (gross domestic product)
was not as strong as it looked but there was no denying the
economy was gathering momentum, BNZ senior economist Craig
Ebert said yesterday.