New Zealand economy back to pre-pandemic levels ...Middle East

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New Zealand economy back to pre-pandemic levels
source : Daily Sun ( Middle East ) () 16
WELLINGTON: New Zealand’s economy posted better-than-expected growth of 1.6% in the first quarter of 2021, official data showed Thursday, with analysts saying activity was back at pre-coronavirus levels.The expansion in January-March this year exceeded forecasts of a 0.5% rise and reversed a 1.0% contraction in the final quarter of 2020.Statistics New Zealand said the figures meant the economy grew 2.4% in the 12 months to the end of March, driven by spending on hospitality and big-ticket retail goods such as televisions and cars.New Zealand has largely contained the coronavirus, with no recent community transmission and just 26 deaths in a population of five million, allowing minimal day-to

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