Former Reserve Bank economist on NZ being in recession

Author
Newstalk ZB,
Publish Date
Fri, 18 Sep 2020, 2:02PM
Photo / File
Photo / File

Former Reserve Bank economist on NZ being in recession

Author
Newstalk ZB,
Publish Date
Fri, 18 Sep 2020, 2:02PM

We're officially in recession, but what really matters is what happens next.

The gross domestic product shrank by a record 12.2 per cent in the June quarter, showing the impact of the lockdown and border closures.

Former Reserve Bank economist Michael Reddell says the numbers aren't good.

But he told Kate Hawkesby we shouldn't get bogged down in the numbers, we should focus on recovery.

LISTEN ABOVE

;