Henry Russell: ANZ Economist on the latest GDP figures putting New Zealand into a recession
Update: 2024-12-19
Description
Stabilising the economy is not as simple as investing more.
Stats NZ figures out yesterday show GDP fell 1% in the three months to September.
They also revised the preceding quarter down to 1.1% contraction, with both figures putting us in deep recession.
ANZ Economist Henry Russell told Andrew Dickens the Government should be investing more, if it weren't dealing with its own deficits.
He says there is going to be another shock on the horizon and the country needs to be prepared to respond to that.
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