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NZ Herald's Liam Dann: NZ's economy isn't out through the downturn just yet

Author
Newstalk ZB,
Publish Date
Thu, 21 Sept 2023, 7:25pm
Photo / NZ Herald
Photo / NZ Herald

NZ Herald's Liam Dann: NZ's economy isn't out through the downturn just yet

Author
Newstalk ZB,
Publish Date
Thu, 21 Sept 2023, 7:25pm

New Zealand's economy is in the green and our technical recession is officially over.

Stats NZ says the GDP rose 0.9 percent in the June quarter and 3.2 percent for the year to June.

It also revised the figure for the March 2023 quarter to 0 percent - up from a 0.1 percent drop.

NZ Herald business editor at large Liam Dann says households are still feeling high interest rates rampant inflation- and economists warn the worst is yet to come.

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