New Zealand Growth Surges in 4Q, but Drought Likely to Impact in 2013

New Zealand’s economic growth accelerated sharply in the fourth quarter, marking the strongest rise since December 2009, but Statistics New Zealand warned a current drought is likely to impact growth in 2013. Statistics New Zealand said Thursday that gross domestic product rose 1.5% on the quar…

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New Zealand Growth Surges in 4Q, but Drought Likely to Impact in 2013