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19 Dec 2024 14:24
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      Home > News > Business

    Some good news, despite revelations New Zealand's in a deep recession

    Some good news, despite revelations New Zealand's in a deep recession


    Stats NZ figures out today show GDP fell one percent in the three months to September, ending the weakest six months for the economy since 1991 - excluding the Covid years.

    Activity declined in 11 of the 16 industries measured.

    The Herald's Liam Dann says the past quarter marks a low point for the economy, and it'll be recovery from here.

    He says today's revised figures also had another surprise.

    Dann says it shows there was no recession in 2023.

    © 2024 Newstalk ZB, NZCity

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     19 Dec: Infrastructure investment is being held up as being paramount to keeping New Zealand's economy on the right track
     18 Dec: A small reduction to New Zealand's current account deficit
     18 Dec: High Performance Sport New Zealand is putting faith in cycling in the next Olympic cycle - boosting funding for the sport by 770 thousand dollars, with canoe racing and athletics also seeing sizeable jumps in support
     18 Dec: Hugh Marks is the new managing director of the ABC. Is he the right person for the job?
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    BUSINESS BUSINESS
    Some good news, despite revelations New Zealand's in a deep recession More...


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