Sharp fall in GDP confirms New Zealand is in recession
GDP showed biggest ever drop in June quarter, shrinking 12.2%.
Brent Edwards
Thu, 17 Sep 2020
Hot Topic
Rich List
Economic activity shrunk by a record 12.2% in the three months to the end of June, although that is less than the 16% drop the Treasury forecast in the Pre-election Economic and Fiscal Update yesterday.
But it is still a much bigger drop than the 7% decline experienced in Australia for the same
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Brent Edwards
Thu, 17 Sep 2020
Contact the Writer: brent@nbr.co.nz
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Sharp fall in GDP confirms New Zealand is in recession
Politics,
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