ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Recent weather events haven't helped the GDP

Author
Newstalk ZB,
Publish Date
Fri, 17 Mar 2023, 9:07am
Photo / Getty
Photo / Getty

Recent weather events haven't helped the GDP

Author
Newstalk ZB,
Publish Date
Fri, 17 Mar 2023, 9:07am

The Government says it's obvious the economy has started slowing.

GDP declined 0.6 percent for the four months to December, following three months of positive growth for the September quarter.

We are still waiting on data for the current quarter however if that too is negative, then it's a technical recession.

Finance Minister Grant Robertson says that recent weather events haven't helped.

He says economists have told him how hard it's been to predict anything since Covid so they have to wait and see, but there has clearly been some softening.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you