Finance minister says figures don’t reflect the thousands of lives saved and reduced burden on health system
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…Finance minister says figures don’t reflect the thousands of lives saved and reduced burden on health systemCoronavirus – latest updatesSee all our coronavirus coverageNew 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…