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Economy shows surprising muscle
GDP growth twice as strong as forecasters picked despite earthquake
GDP growth twice as strong as forecasters picked despite earthquake
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New Zealand's economy probably grew at the fastest pace in four quarters in the first three months of 2011, say economists.
New Zealand manufacturing rose in May to its highest level in almost a year amid signs record-high prices for the country's commodities are beginning to filter through to the wider economy.
Households at risk of slow wage growth combined with rising costs.
The New Zealand dollar has risen to its highest level against the greenback since it floated in March 1985 on improving risk sentiment and talk of Asian funds' interest in assets such as government bonds.