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Liam Dann: NZ Herald Business Editor on the GDP falling 0.2% in the three months to June
Manage episode 440779440 series 3391555
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New Zealand's economy has barely escaped another technical recession.
New Stats NZ figures show our Gross Domestic Product contracted 0.2% in the three months to June.
Its revised figures downgrade the March quarter to show the economy grew just 0.1%, not the 0.2% initially estimated.
Herald Business Editor at Large Liam Dann told John McDonald that minimal growth kept us out of another technical recession but doesn't change reality.
He says with a lot of migration gains and population growth, on a per capita basis we're still in a recession.
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