GLOBAL BUREAUCRACY

New Zealand economy shrinks 12 per cent

Agency,
17/09/2020   0 Comments

New Zealand's economy shrank by a record 12.2 per cent in the second quarter due to a strict coronavirus lockdown, but forecasts indicate activity is bouncing back.

 
Statistics New Zealand released figures Thursday showing GDP had fallen far more than ever previously recorded and signaling the nation of 5 million people is officially in recession for the first time in 11 years. On an annual basis, GDP fell by 2 per cent.

WRITE A COMMENT

...
Sign in with
Or procced without registration