Drought set to cannibalise GDP growth by more than the expected $1 billion
Shamubeel Eaqub says this year, the impact might be a bit bigger.
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Experts agree the financial fallout from the drought will knock roughly half a percentage point off GDP growth – but the effect could be greater than expected.
Westpac senior markets economist Michael Gordon says that since New Zealand has had several droughts over the past few years, “it’s
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Jason Walls
Tue, 03 Feb 2015
Tue, 03 Feb 2015
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Drought set to cannibalise GDP growth by more than the expected $1 billion
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