How significant is NZ’s recession?
ANALYSIS: To answer this question, we need to look at the far less publicised per capita GDP growth figure.
WATCH: NBR columnist Christoph Schumacher speaks with Jonathan Mitchell.
Our gross domestic product (GDP) shrank by 0.1% during the October-December period, and yes, we are again in a technical recession, but what worries me is that the record net migration figures didn’t prevent our economy from contracting.
During three quarters of 2023, we had a negative quarterly
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