SYDNEY (Reuters) -- New Zealand's economy rebounded sharply last quarter as a lifting of coronavirus restrictions and the return of tourists helped it dodge recession, though it may be a last hurrah for strong growth as surging interest rates steamroll demand.
Official data out on Thursday showed gross domestic product (GDP) rose 1.7% in the June quarter, beating forecasts of a 1.0% gain and a timely recovery from the first quarter's 0.2% drop.
