News | Business
12 Oct 2024 3:25
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The economy has weakened in the second quarter of the year

    The economy has weakened in the second quarter of the year


    Just-released figures from Stats NZ show GDP contracted 0.2 percent in the three months to June.

    Economists predicted a contraction between 0.1 and 0.5 percent.

    This follows the March 2024 quarter showing 0.1 per cent growth.

    Today's figures makes it the fifth quarterly contraction out of the past seven quarters.

    The Reserve Bank forecasts the country is heading for a triple-dip recession with negative growth in the current third quarter.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     11 Oct: Migration data's pointing toward another potential Official Cash Rate cut
     11 Oct: Greater Wellington Regional Council's debt has officially ticked over one billion dollars
     11 Oct: Positive signs of cyclone recovery in Hawke's Bay and Gisborne
     11 Oct: New Zealanders' household incomes have fallen for the first time, in eight years
     10 Oct: The Government books have sunk further into the red
     10 Oct: An extra weapon against banking scams - but customers still need to play their part
     10 Oct: Confidence the country will reap the benefits of reforms to the emergency management system
     Top Stories

    RUGBY RUGBY
    Rafael Nadal has announced his retirement from professional tennis More...


    BUSINESS BUSINESS
    Migration data's pointing toward another potential Official Cash Rate cut More...



     Today's News

    Soccer:
    A narrow 1-nil halftime lead over Tahiti didn't look likely for the All Whites, after Eli Just opened the scoring in the second minute in Vanuatu 21:57

    Entertainment:
    Garth Brooks has claimed he is the "victim of a shakedown" and alleged his rape accuser wanted to "blackmail him for millions" 21:54

    Entertainment:
    Taylor Swift has been encouraging Travis Kelce to try new foods 21:24

    Politics:
    The Prime Minister doesn't care a new poll's scored his Party at its lowest in more than a year 21:17

    Entertainment:
    Everybody wants this – what makes a great TV kiss? 21:07

    Technology:
    What is the Internet Archive, and what could a full-scale hack on its data mean? 21:07

    Entertainment:
    William, Prince of Wales mingled with stars including Andy Serkis, Celia Imrie and Stephen Merchant at a BAFTA event in London on Wednesday (09.10.24) 20:54

    Entertainment:
    Al Pacino gave up booze and drugs after suffering terrifying "blackouts" 20:24

    Entertainment:
    Tom Brady is reportedly close to sealing a deal to become a part-owner of the Las Vegas Raiders 19:54

    Entertainment:
    A new documentary about the British Royal Family's interest in UFOs and the paranormal investigates claims that King Charles flew an actual UFO in Canada in 1975 19:24


     News Search






    Power Search


    © 2024 New Zealand City Ltd