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Is the rockstar economy back for an encore?
The New Zealand economy continued a strong run of growth in the June quarter, with data out this morning showing production GDP rose a seasonally adjusted 0.9% from the March quarter to sit 3.5% above its level from a year earlier. Recent strength has been driven by soaring spending in the service sector, while there was also a sharp increase in investment in the construction sector, and goods exports climbed.
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