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Quake-Hit Christchurch's Rebuilding Seen Boosting Economy

By Implode-Explode Heavy Industries

"The rebuilding effort after New Zealand?s worst quake in 80 years will help spur an economic rebound over the next 12 months, economists forecast, citing experiences from disasters in Japan and the U.S. While the disruption will wipe 0.6 percentage points off gross domestic product this quarter, reconstruction will boost growth by 1.5 percent over the next year, said Nick Tuffley, chief economist at ASB Bank Ltd. in Auckland."

Full post as published by Mortgage Lender Implode-o-Meter on September 09, 2010 (boomark / email).