Sucks to be a lefty whinger, doesn't it?

GDP up. GDP per capita up. Exports up.

Residential construction up 10%

Read and enjoy:


https://www.beehive.govt.nz/release/third-highest-growth-rate-oecd

Bill English15 SEPTEMBER, 2016
Third highest growth rate in OECD

The third highest growth rate in the OECD shows the Government’s management of the economy is delivering more jobs and opportunities for New Zealanders, Finance Minister Bill English says.

Statistics New Zealand reported Gross Domestic Product grew by 0.9 per cent in the three months to 30 June 2016. This took annual growth to 3.6 per cent – putting New Zealand’s growth rate in the top three among developed economies.

“Despite the tough period the dairy industry has been through, we are in the unusual position of enjoying solid growth, rising employment and real wages at the same time as very low inflation.

New Zealand’s annual growth rate of 3.6 per cent is more than double the OECD
rate of 1.6 per cent and compares with 3.3 per cent in Australia, 2.2 per cent in the United Kingdom, 1.2 per cent in the United States and 0.8 per cent in Japan.

The result means the New Zealand economy is now worth more than $250 billion for the first time.

Growth in the June quarter was led by construction which grew by 5.1 per cent over the quarter. Residential construction was up 10 per cent over the last year – reinforcing the fact that New Zealand is in the middle of a significant building boom.

Exports of goods increased 7.6 per cent for the quarter, the highest increase in 18 years.

“While this result is solid and the outlook is relatively positive, there are
many risks around and we cannot afford to take our current economic performance
for granted. That is why the Government is continuing to focus on building a stronger, more
resilient economy.

--- SoupGate-Win32 v1.05
* Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)

On Wed, 14 Sep 2016 19:19:03 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:

Sucks to be a lefty whinger, doesn't it?

GDP up. GDP per capita up. Exports up.=20

Residential construction up 10%

Read and enjoy:

https://www.beehive.govt.nz/release/third-highest-growth-rate-oecd

Bill English15 SEPTEMBER, 2016
Third highest growth rate in OECD

The third highest growth rate in the OECD shows the Government=E2=80=99s ma= >nagement of the economy is delivering more jobs and opportunities for New Z= >ealanders, Finance Minister Bill English says.

Statistics New Zealand reported Gross Domestic Product grew by 0.9 per cent=
in the three months to 30 June 2016. This took annual growth to 3.6 per ce=
nt =E2=80=93 putting New Zealand=E2=80=99s growth rate in the top three amo= >ng developed economies.

=E2=80=9CDespite the tough period the dairy industry has been through, we a= >re in the unusual position of enjoying solid growth, rising employment and = >real wages at the same time as very low inflation.

New Zealand=E2=80=99s annual growth rate of 3.6 per cent is more than doubl= >e the OECD rate of 1.6 per cent and compares with 3.3 per cent in Australia= >, 2.2 per cent in the United Kingdom, 1.2 per cent in the United States and=
0.8 per cent in Japan.

The result means the New Zealand economy is now worth more than $250 billio= >n for the first time.

All of it sweetly matched by government debt and household debt
which, combined, are now also worth $250 billion for the first time
and, best of all, virtually all of it owed to foreigners.

Yup, we're on the cusp of something **really** special!

--- SoupGate-Win32 v1.05
* Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)

On Wednesday, 21 September 2016 09:48:22 UTC+12, Newsman wrote:

On Wed, 14 Sep 2016 19:19:03 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:

Sucks to be a lefty whinger, doesn't it?

GDP up. GDP per capita up. Exports up.=20

Residential construction up 10%

Read and enjoy:

https://www.beehive.govt.nz/release/third-highest-growth-rate-oecd

Bill English15 SEPTEMBER, 2016
Third highest growth rate in OECD

The third highest growth rate in the OECD shows the Government=E2=80=99s ma= >nagement of the economy is delivering more jobs and opportunities for New Z= >ealanders, Finance Minister Bill English says.

Statistics New Zealand reported Gross Domestic Product grew by 0.9 per cent=
in the three months to 30 June 2016. This took annual growth to 3.6 per ce=
nt =E2=80=93 putting New Zealand=E2=80=99s growth rate in the top three amo= >ng developed economies.

=E2=80=9CDespite the tough period the dairy industry has been through, we a= >re in the unusual position of enjoying solid growth, rising employment and = >real wages at the same time as very low inflation.

New Zealand=E2=80=99s annual growth rate of 3.6 per cent is more than doubl= >e the OECD rate of 1.6 per cent and compares with 3.3 per cent in Australia= >, 2.2 per cent in the United Kingdom, 1.2 per cent in the United States and=
0.8 per cent in Japan.

The result means the New Zealand economy is now worth more than $250 billio= >n for the first time.

All of it sweetly matched by government debt and household debt
which, combined, are now also worth $250 billion for the first time
and, best of all, virtually all of it owed to foreigners.

Yup, we're on the cusp of something **really** special!

It's a week later and that's the best you can come up with, Keith?

Ho hum. NZ external debt per capita is about 1/3 that of the UK, and less than Australia, US, Germany, France, Austria, Sweden, Denmark and Singapore.

NZ Government debt as a ratio of GDP is, on international terms. quite low.

NZ Household debt to income ratio in 2016 only slightly above 2008.

The vast majority of NZ household debt is in mortgages. That's hardly surprising, especially given record low interest rates.

Unlike those foreign economies, the government has achieved sustainable surpluses, and the economy is showing sustained diversified growth. Even dear old dairy is now back on the up.

Because New Zealand is so safe, stable and pleasant every man and his dog wants
to move here.

Sucks to be NZ hater, eh Keith?

--- SoupGate-Win32 v1.05
* Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)

On 21/09/2016 10:37 a.m., JohnO wrote:

On Wednesday, 21 September 2016 09:48:22 UTC+12, Newsman wrote:

On Wed, 14 Sep 2016 19:19:03 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:

Sucks to be a lefty whinger, doesn't it?

GDP up. GDP per capita up. Exports up.=20

Residential construction up 10%

Read and enjoy:


https://www.beehive.govt.nz/release/third-highest-growth-rate-oecd

Bill English15 SEPTEMBER, 2016
Third highest growth rate in OECD

The third highest growth rate in the OECD shows the Government=E2=80=99s ma=
nagement of the economy is delivering more jobs and opportunities for New Z=
ealanders, Finance Minister Bill English says.

Statistics New Zealand reported Gross Domestic Product grew by 0.9 per cent=
in the three months to 30 June 2016. This took annual growth to 3.6 per ce= >>> nt =E2=80=93 putting New Zealand=E2=80=99s growth rate in the top three amo=
ng developed economies.

=E2=80=9CDespite the tough period the dairy industry has been through, we a=
re in the unusual position of enjoying solid growth, rising employment and =
real wages at the same time as very low inflation.

New Zealand=E2=80=99s annual growth rate of 3.6 per cent is more than doubl=
e the OECD rate of 1.6 per cent and compares with 3.3 per cent in Australia=
, 2.2 per cent in the United Kingdom, 1.2 per cent in the United States and=
0.8 per cent in Japan.

The result means the New Zealand economy is now worth more than $250 billio=
n for the first time.

All of it sweetly matched by government debt and household debt
which, combined, are now also worth $250 billion for the first time
and, best of all, virtually all of it owed to foreigners.

Yup, we're on the cusp of something **really** special!

It's a week later and that's the best you can come up with, Keith?

Ho hum. NZ external debt per capita is about 1/3 that of the UK, and less

than Australia, US, Germany, France, Austria, Sweden, Denmark and Singapore.

NZ Government debt as a ratio of GDP is, on international terms. quite low.

NZ Household debt to income ratio in 2016 only slightly above 2008.

The vast majority of NZ household debt is in mortgages. That's hardly

surprising, especially given record low interest rates.

Unlike those foreign economies, the government has achieved sustainable

surpluses, and the economy is showing sustained diversified growth. Even dear old dairy is now back on the up.

Because New Zealand is so safe, stable and pleasant every man and his dog

wants to move here.

Sucks to be NZ hater, eh Keith?

Typical of Keith doesn't give a stuff about reality because he lives in
his own widdle world of imaginary superiority capable only of those
who've been brought up in a world that's taught them how well educated
they are because he's english:)

Pooh

--- SoupGate-Win32 v1.05
* Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)