Liam Dann: NZ Herald business editor at large on GDP dropping 1 percent in the September quarter
Heather du Plessis-Allan Drive · Newstalk ZB
December 19, 20246m 4s
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Show Notes
This was a dire week for the economy - but experts say things can only go up from here.
Stats NZ revealed that GDP was down 1 percent in the September quarter, and had been down 1.1 percent the previous quarter.
This is the biggest drop since 1991, excluding the Covid-19 lockdowns.
Despite the gloomy outlook, NZ Herald business editor at large Liam Dann says this will likely be as bad as things get before things pick up.
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Topics
businessmoneyeconomyGDPrecession