The Reserve Bank's expecting the largest decline in annual GDP - in 160 years
The Reserve Bank's expecting the largest decline in annual GDP - in 160 years
27 May 2020
The bank today released its six-monthly report on the Financial Stability of New Zealand's system.
Deputy Governor Geoff Bascand says a lot of the economic pain could still be to come.
He says as unemployment rises and spending slows down... it can create a vicious circle.
© 2024 Newstalk ZB, NZCity