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