@[email protected] to Aotearoa / New [email protected]English • 1 year agoNew Zealand officially in recession as GDP falls for second quarterwww.rnz.co.nzexternal-linkmessage-square25fedilinkarrow-up132arrow-down10cross-posted to: newzealand
arrow-up132arrow-down1external-linkNew Zealand officially in recession as GDP falls for second quarterwww.rnz.co.nz@[email protected] to Aotearoa / New [email protected]English • 1 year agomessage-square25fedilinkcross-posted to: newzealand
minus-squareDavid PalmerlinkfedilinkEnglish4•1 year agoI mean, it’s barely a recession. It only just meets the technical definition. I think a better headline would be “economy is pretty much stable”.
minus-square@dalucaAlinkfedilinkEnglish12•1 year agoThe cost of living crisis does make it feel worse even if it only just meets the technical definition.
minus-square@[email protected]MlinkfedilinkEnglish4•1 year agoCome on man, the media have been waiting years to be able to write about NZ being in a recession. Don’t take that away from them!
minus-square@[email protected]linkfedilinkEnglish3•1 year agoYeah 0.1% would be within some sort of margin of error, surely.
minus-square@[email protected]linkfedilinkEnglish2•1 year agoFurther analysis from this morning paints a different picture when you look at it per capita. Down 0.7% per capita and only buoyed up at an aggregate level by net migration.
I mean, it’s barely a recession. It only just meets the technical definition. I think a better headline would be “economy is pretty much stable”.
The cost of living crisis does make it feel worse even if it only just meets the technical definition.
Come on man, the media have been waiting years to be able to write about NZ being in a recession. Don’t take that away from them!
Yeah 0.1% would be within some sort of margin of error, surely.
Further analysis from this morning paints a different picture when you look at it per capita. Down 0.7% per capita and only buoyed up at an aggregate level by net migration.