Grant Robertson: Finance Minister responds to claims a recession will lose Labour the election
Prime Minister Chris Hipkins believes New Zealanders will recognise the domestic and global factors that have contributed to two consecutive quarters of negative economic growth, considered a technical recession, when it comes time to vote later this year.
Statistics NZ data released yesterday confirmed market expectations by showing the economy had shrunk in the first three months of 2023.
Revised data showed GDP contracted by 0.7 per cent in the final quarter of 2022, worse than the 0.6 per cent recorded earlier.
Hipkins, asked whether he thought the country being in a recession would lose…
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