Business investment surge leads economic rebalancing

Cautiously, just carefully, we might entertain the notion that an "economic rebalancing" is under way.

Today's GDP figures cap off a week of remarkably good news: productivity figures released on Tuesday show a considerable pickup in the efficiency of New Zealand businesses and yesterday's current account figure showed a drop – something that does not usually happen in economic recoveries.

Today's GDP figures show an increase of 0.9% for the final three months of 2013 and a 3.1% increase year on year.


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