Latest / The Kākā by Bernard Hickey
NZ economy sliding back into recession
Briefly in the news from Aotearoa’s political economy around housing, poverty and climate on Tuesday, July 8:
* On the eve of an expected pause in rate cuts, the Reserve Bank’s new ‘NowCast’ real-time measure of economic activity shows GDP has fallen back into recessionary territory in the last three months. See more in The Lead and Chart of the Day below the paywall fold, and hear more in the podcast above.
* PM Christopher Luxon and Finance Minister Nicola Willis said through the first six months of the year their Government and Budget 2025 was focused on ‘growth, growth, growth’, but the…
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