Whitt@lemmy.nz to Aotearoa / New Zealand@lemmy.nzEnglish · 3 years agoNew Zealand officially in recession as GDP falls for second quarterwww.rnz.co.nzexternal-linkmessage-square25linkfedilinkarrow-up132arrow-down10
arrow-up132arrow-down1external-linkNew Zealand officially in recession as GDP falls for second quarterwww.rnz.co.nzWhitt@lemmy.nz to Aotearoa / New Zealand@lemmy.nzEnglish · 3 years agomessage-square25linkfedilink
minus-squareDavid Palmer@lemmy.nzlinkfedilinkEnglisharrow-up6arrow-down2·3 years 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-squaredaluca@feddit.nzlinkfedilinkEnglisharrow-up12·3 years agoThe cost of living crisis does make it feel worse even if it only just meets the technical definition.
minus-squareDave@lemmy.nzMlinkfedilinkEnglisharrow-up5arrow-down1·3 years 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-squarerimu@lemmy.nzlinkfedilinkEnglisharrow-up3·3 years agoYeah 0.1% would be within some sort of margin of error, surely.
minus-squareterraborra@lemmy.nzlinkfedilinkEnglisharrow-up2·3 years 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.