Biggest GDP rise in five years

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Biggest GDP rise in five years

3News NZ

The rise was the biggest in five years

The rise was the biggest in five years

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

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Comments

26/06/2012 2:11:05 p.m.

Todd wrote:

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.

Luke wrote:

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.

Todd wrote:

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.