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19 Dec 2024 18:20
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  •   Home > News > Business

    The revelation New Zealand's entered recession - could be the newest political hot potato

    The revelation New Zealand's entered recession - could be the newest political hot potato


    Stats NZ has released data showing GDP fell one percent in the three months to September - and it's revised the preceding quarter's contraction down to 1.1 percent.

    It's the economy's weakest six months since 1991 - excluding Covid years.

    The Herald's Liam Dann says it shows we weren't in recession last year after all - and Labour will feel hard done by.

    He says the Government will claim we need this recession.

    Dann says the Reserve Bank needed to get rid of inflation - and the Government will defend its spending cuts.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Business:
    Industrial action on Sydney trains to recommence 'immediately' after court decison, union warns 18:17

    Rugby League:
    Another Black Ferns Sevens player has made the jump to the Warriors' NRL-W side 18:07

    Entertainment:
    Nikki Garcia has had "super weak moments" following her divorce from Artem Chigvintsev 17:59

    Entertainment:
    Gigi Hadid has been forced to renovate part of her New York City home because of "a rat problem" 17:29

    Rugby:
    Ardie Savea might be one of rugby's biggest names - but one particular player wasn't in awe of the All Blacks vice-captain when he popped in on his new Super Rugby team this week 17:27

    Entertainment:
    Stephen Baldwin is enjoying not having to "stress" as a grandparent 16:59

    Rugby League:
    Boxer David Nyika believes his date with destiny awaits in the New Year 16:57

    Entertainment:
    Meghan Trainor wants another baby 16:29

    Boxing:
    A wake-up call of the best kind for Kiwi boxer David Nyika 16:17

    Athletics:
    When medals matter most: high-performance sport funding risks a return to the ‘win at all costs’ model 16:07


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