New Zealand in Covid recession after worst quarterly GDP fall on record https://ift.tt/35IsLe5 Eleanor Ainge Roy in Queenstown Finance minister says figures don’t reflect the thousands of lives saved and reduced burden on health system Coronavirus – latest updates See all our coronavirus coverage New Zealand has entered a recession with the economy contracting 12.2% in the June quarter – the largest drop since such records began in 1987. Paul Pascoe at Stats NZ said the GDP fall was “by far the largest on record in New Zealand” and reflected months spent in lockdown. Continue reading... https://ift.tt/eA8V8J September 17, 2020 at 03:15AM

Finance minister says figures don’t reflect the thousands of lives saved and reduced burden on health system

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New Zealand has entered a recession with the economy contracting 12.2% in the June quarter – the largest drop since such records began in 1987.

Paul Pascoe at Stats NZ said the GDP fall was “by far the largest on record in New Zealand” and reflected months spent in lockdown.

Continue reading...

from The Guardian https://ift.tt/35IsLe5