http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aZaCoWRv2xgA
Prime Minister John Key’s government last week forecast New Zealand’s economy will grow 3.8 percent in 2012 and 3.3 percent in 2013, buoyed by shipments and a rebuilding after an earthquake hit Christchurch in February. Prices of milk powder and cheese have been supported by demand from China, while shipments to Australia have increased as that economy experiences a boom in demand for minerals.
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SS says
I dont so 2012 and 2013 will pan out as he thinks
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“We are hooked to the China-Australia train,” English said of the world’s biggest dairy exporter. New Zealand’s story“is more about food and protein” and the demand for those products across Asia “is reasonably solid,” he said.
“It’s a bit of a headwind as we try to rebalance our economy, but I must say that New Zealand exports seem to have shown remarkable resilience,” English said. He doesn’t expect current high commodity prices to remain in place, although they are likely to be “fairly solid for the next few years.”
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SS says
FAIRLY SOLID - HAHA
We shall see what happens when the commodity bubble bursts in 2012/13/14
Prime Minister John Key’s government last week forecast New Zealand’s economy will grow 3.8 percent in 2012 and 3.3 percent in 2013, buoyed by shipments and a rebuilding after an earthquake hit Christchurch in February. Prices of milk powder and cheese have been supported by demand from China, while shipments to Australia have increased as that economy experiences a boom in demand for minerals.
-----
SS says
I dont so 2012 and 2013 will pan out as he thinks
-------
“We are hooked to the China-Australia train,” English said of the world’s biggest dairy exporter. New Zealand’s story“is more about food and protein” and the demand for those products across Asia “is reasonably solid,” he said.
“It’s a bit of a headwind as we try to rebalance our economy, but I must say that New Zealand exports seem to have shown remarkable resilience,” English said. He doesn’t expect current high commodity prices to remain in place, although they are likely to be “fairly solid for the next few years.”
--------
SS says
FAIRLY SOLID - HAHA
We shall see what happens when the commodity bubble bursts in 2012/13/14
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