Arab Today, arab today falling new zealand dollar driving export growth
Last Updated : GMT 21:05:58
Arab Today, arab today
Arab Today, arab today

Finance Minister Bill English:

Falling New Zealand dollar driving export growth

Arab Today, arab today

Arab Today, arab today Falling New Zealand dollar driving export growth

Finance Minister Bill English
Wellington - Arab Today

New Zealand's non-dairy exports are expected to see a significant boost in the wake of the fall in value of the country's currency over the past year, Finance Minister Bill English said Thursday.

"What we are witnessing is an adjustment occurring in the engine-room of the economy. Resources and investment will move into industries that are experiencing a progressive improvement in their international competitiveness," English said in a published speech to the New Zealand Manufacturers and Exporters Association conference in Christchurch.

Over recent years, the country's goods and services export industries had become much more efficient and the 25 percent downward correction in the value of the New Zealand dollar against the U.S. dollar over the past year would translate into a significant strengthening in the competitiveness of all exporters over time.

The government's most recent public assessment of the economy was that it was expanding at its long-term trend rate of 2.5 percent to 3 percent a year.

Economists expected the pace of annual growth to ease to 2 percent to 2.5 percent as the economy adjusted and adapted to the recent decline in dairy income, said English.

"It is the kind of solid, sustainable growth that will deliver more jobs and rising incomes, while permitting business and mortgage borrowing costs to remain down at around the current, historically low rates," English said.
Source: XINHUA

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today falling new zealand dollar driving export growth Arab Today, arab today falling new zealand dollar driving export growth

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday