Can New Zealand, Philippines Beat The Heat ?
Bareksa • 18 Jun 2014
Some Asian economies may be cooling down, but New Zealand growth data and a Philippines - (REUTERS/Jon Gordon)
Some Asian economies may be cooling down
Bareksa.com - This Thursday (June 19) in Asia - top of the agenda : New Zealand. The country is set to reveal. first-quarter growth data - and the forecast is pretty good: up 3.7 percent year on year, its fastest rate of expansion since the eve of the global financial crisis.That's powered in part by continued post-earthquake reconstruction efforts near Christchurch, plus a housing boom in Auckland that's pushed average prices far beyond average incomes. (Source : Reuters)