Biggest GDP rise in five years
Fri, 22 Jun 2012 9:31a.m.
Extraordinary news for the New Zealand economy in the last 24 hours.
GDP for the March quarter was up 1.1 per cent, the biggest rise for five years.
3 News Business Editor Michael Wilson spoke to Firstline this morning about what this means for the economy.
Watch the video for Firstline’s full interview with Michael Wilson
Post a Comment
Before commenting, please take the time to read our moderation guide
(Won't be published)
26/06/2012 2:11:05 p.m.
Sure it applies to all resources I agree. But energy is what really matters, and we wouldn't have had the phenomenal, exponential growth we have had over the last couple of centuries without abundant, cheap energy. Also it's not a debt crisis, it's a growth crisis. Debt can (and is) always repaid when we have strong economic growth. Energy is what drives the economy not money.
25/06/2012 1:52:54 p.m.
Todd, It is not just energy, it is all resources.
And The Euro crisis is small in comparason to what is going to happen in the US, US unfunded liabilities are enormous and a major debit crisis will result in the next decads.
22/06/2012 5:36:35 p.m.
Warren Buffett, Robert Kiyosaki and Richard Branson are all predicting an energy crisis that is going to negatively effect the globally economy like nothing else has in a very long time. It's already started. I'm sorry Michael Wilson but you wouldn't even know where to start looking for a clue.
A high speed test has been launched in Moana, in the Lake Br...
Auckland, our biggest city, is forecast to grow by up to ano...
The Whakatane Beacon has joined the Ashburton Guardian and t...
The Govt says it's hypocritical of the Greens to criticise t...
The International Monetary Fund has called on Britain to do ...
Copyright © 2013 MediaWorks TV. All Rights Reserved.