Official figures showed on Thursday that the economy of New Zealand has chalked up four consecutive quarters of growth with the annual rate of 1.9%. It has been reported that it is the fastest growth in two years.

According to Statistics New Zealand, in March the Gross domestic product raised by 0.6% with primary sector industries rising 1.7% and manufacturing activity up 1.6% in the most recent quarter.

The end result distinguished with a drop of 3.1% between the March 2008 and March 2009 quarters because the economy constricted during the recession of 18-months.

It has been noted by the Government statistic agency that economy has not yet came back to the level of action before the economic downturn.

Finance Minister Bill English said," latest growth figures were a welcome sign the economy is continuing to recover, but more work is needed to ensure the rebound in jobs and growth is sustainable".

He also warned that although the global economic position has toughened in the past year, but a European debt crisis illustrates the outlook remains brittle, which strengthens New Zealand's need to hold back Government spending and control the increase in its own arrears.