GDP shows underlying economic strength

Today’s GDP figures confirm the economy had real momentum at the beginning of this year, Finance Minister Nicola Willis says.

Stats NZ figures put GDP growth for the March 2026 quarter at 0.8 per cent.

“New Zealand’s economy grew almost three times faster than Australia’s in the March 2026 quarter and around twice as fast as that of the United States.

“This positive movement reflects the hard work of New Zealanders - the farmers, tradies, exporters, entrepreneurs and workers - who have kept going through really challenging economic conditions.

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