New Zealand's economy to grow tightly over the next year

By @ibtimes on

Expectations tend to forecast that the growth of New Zealand's economy may grow tightly over the next year which totally contradicts with the prior expectations as a result for the escalation European debt crisis, which curbs demand among the nation's trading partner.

Where, expectations indicated that New Zealand's gross domestic product likely will increase by 3% in the year ending March 31, 2013, which is less than the prior expectations of 3.4% in the October, as it is expected that the drop in growth will reduce the taxes' profits.

Additionally, New Zealand's Prime Minister announces that his country planining to return on achieving a surplus in the budget by 2015 compared with the achieved deficit of $18.4 billion, equivalent to NZ$14 billion during the year ending on June 30.

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