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Drought slows New Zealand economic growth in 2Q

September 18, 2013 • Business


FILE – This Feb. 26, 2013 file photo shows dry cracked land near a water reservoir in Kiwitahi, New Zealand. The effects of a drought slowed New Zealand’s economic growth in the second quarter but economists predict growth will pick up again in the coming months. Government agency Statistics New Zealand announced Thursday, Sept. 19, 2013 the economy grew 0.2 percent in the April-June quarter from the previous quarter, the slowest growth since the fourth quarter of 2010. (AP Photo/New Zealand Herald, Christine Login to read more

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