N.Z. Rugby Cup Likely Gave Economy Biggest Lift Since 2008
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New Zealand’s economy probably expanded last year at the fastest annual pace since the 2008 global financial crisis as a tourism boost from the Rugby World Cup outweighed weakness in manufacturing.
Gross domestic product rose 2.2 percent in the fourth quarter from a year earlier, the fastest annual pace in almost four years, according to the median of 16 estimates in a Bloomberg News survey before a government report tomorrow at 10:45 a.m. in Wellington. The economy grew 1.9 percent in the 12 months through September.