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NZ economy still in a downturn, expert warns

Author
Newstalk ZB,
Publish Date
Thu, 20 Jun 2024, 8:09pm
 Photo / 123rf
Photo / 123rf

NZ economy still in a downturn, expert warns

Author
Newstalk ZB,
Publish Date
Thu, 20 Jun 2024, 8:09pm

New Zealand's GDP grew 0.2 percent in March, according to new data.

This officially takes the country out of a technical recession, but on a per-capita basis, it went backwards 0.3 percent.

Experts predict a weak economy for the latter half of this year.

NZ Herald business editor at large Liam Dann says the economy isn't likely to bounce back just yet.

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