NZ Herald Sunday 28 May 2017 Auckland’s economic growth is “spectacular” and an extra 60,000 jobs were added to the country’s financial powerhouse in the last year, according to a new report.
David Norman, Auckland Council’s chief economist, revealed Auckland’s growing strength in his latest Auckland Economic Quarterly publication and he included some good news for wage earners.
“Auckland’s GDP grew at 4.4 per cent for the year ended December 2016,” Norman said quoting Infometrics data.
Latest Statistics NZ and Reserve Bank data showed New Zealand’s GDP growing at 2.6 per cent annualised in December. GDP represents the income earned from production.
Norman cautioned against a comparison because two different periods were being measured.
“But yes, Auckland’s growth is spectacular, certainly very strong, driven by population, tourist and the construction boom which is creating a lot of jobs,” he said. Read more…
