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'Surprising': Expert breaks down Luxon's inherited recession

Author
Newstalk ZB,
Publish Date
Thu, 14 Dec 2023, 7:37pm
 Photo / 123rf
Photo / 123rf

'Surprising': Expert breaks down Luxon's inherited recession

Author
Newstalk ZB,
Publish Date
Thu, 14 Dec 2023, 7:37pm

Today's Q3 GDP report caught several economists by surprise.

GDP fell 0.3 per cent in the September quarter, lower than the predicted 0.2 or 0.3 percent growth forecasts had predicted.

Across the whole year, GDP fell 0.6 percent overall, sparking more grim predictions.

NZ Herald business editor at large Liam Dann says Luxon's inherited a long-running recession to address.

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