GDP announcement delayed

Statistics New Zealand has delayed the release of the Gross Domestic Product (GDP) result for the March quarter until next Thursday (July 14).

GDP was due to be released tomorrow but more time was needed to analyse the data, Statistics NZ said.

Statistics NZ previously announced that the release of the March quarter GDP would be delayed from June 23 until tomorrow.

"We needed this extra time to ensure that our methods  for measuring GDP adequately accounted for theCanterbury earthquakes, and to get supplementary data for the March quarter release."

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Clearly the news is worse than Bill English had anticipated.

The governments 'favourite' firms of 'professionals/advisers' are no doubt banking even more taxpayer funded fees for weaving their magic PR BS spin with even more creative accounting ideas so Bill and John can further attempt to delude the nation into thinking the recession is long over, good luck with that one Bill!

What happened to the single dip recession you forecast Bill? <url>http://www.nzherald.co.nz/economy/news/article.cfm?c_id=34&objectid=1070...

and how about Professor Steve Keen's opinion on a potentiual for a global 'quadruple dip' at <url>http://www.mistywindow.com/double-dip-recession-squared/</url>

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