WELLINGTON—New Zealand’s economy grew at a much faster pace than expected in the second quarter, officials said on Thursday, reinforcing views that the central bank will start raising interest rates despite a recent outbreak of the COVID-19.
Gross domestic product (GDP) surged 2.8 percent in the three months through June, Statistics New Zealand said, well ahead of a Reuters poll forecast of a 1.3 percent increase and the Reserve Bank of New Zealand’s (RBNZ) estimate of 0.7 percent.
