• Liam Dann: NZ Herald business editor at large on GDP dropping 1 percent in the September quarter

  • Dec 19 2024
  • Length: 6 mins
  • Podcast

Liam Dann: NZ Herald business editor at large on GDP dropping 1 percent in the September quarter

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  • Summary

  • This was a dire week for the economy - but experts say things can only go up from here.

    Stats NZ revealed that GDP was down 1 percent in the September quarter, and had been down 1.1 percent the previous quarter.

    This is the biggest drop since 1991, excluding the Covid-19 lockdowns.

    Despite the gloomy outlook, NZ Herald business editor at large Liam Dann says this will likely be as bad as things get before things pick up.

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