The economy is recovering better than predicted
The economy is recovering better than predicted
3 February 2021
New Zealand's official unemployment dropped to 4.9 per cent in the December quarter -- down from 5.3 per cent.
It's come as a shock to economists, who expected it rise to about 5.6 per cent.
Finance Minister Grant Robertson says there's still work to do -- but this is a good result.
He says we've seen big boosts in construction and significant consumer spending in this quarter -- so the numbers are stronger than expected.
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