How technology undermined GDP
We've heard of recessions bottoming out – today the recovery bottomed out.Defying average forecasts of a 0.7% increase in GDP for the June quarter, instead we got 0.2%.That was 0.3% lower than the most pessimistic forecast and saw the New Zealand do
Rob Hosking
Thu, 23 Sep 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
We’ve heard of recessions bottoming out – today the recovery bottomed out.
Defying average forecasts of a 0.7% increase in GDP for the June quarter, instead we got 0.2%.
That was 0.3% lower than the most pessimistic forecast and saw the New Zealand dollar lose half a cent against the US currency in
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Rob Hosking
Thu, 23 Sep 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
