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18 Jan 2021 8:22
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  •   Home > News > Business

    It's not normal, but neither is it as bad as feared

    It's not normal, but neither is it as bad as feared


    Instead of the seven per cent shrink predicted in March, the New Zealand economy is down just three per cent on last year.

    ASB chief economist Nick Tuffley says things are comparable to 2008.

    He says the overall decline is something similar to that during the Global Financial Crisis, instead of being something materially worse.

    © 2021 Newstalk ZB, NZCity


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     Today's News

    Environment:
    Thunderstorms are set to shoo summer away from the South Island today 8:17

    Skiing:
    A much-improved performance from skier Alice Robinson in the second World Cup giant slalom in Slovenia 8:07

    International:
    Ahead of US president-elect Joe Biden's inauguration day, revisit some of the memorable moments of ceremonies past 8:07

    International:
    Foreigners in Bali are punished with push-ups for not following coronavirus health protocols 8:07

    Accident and Emergency:
    A fallen tree has been causing delays on the main road between Tauranga and Waikato 7:57

    Law and Order:
    A double homicide investigation's underway in South Taranaki, with one person arrested 7:57

    Health & Safety:
    Christchurch residents will have to cough up -- for some of the highest hospital parking rates in the country 7:47

    Rugby:
    Four-test All Black Tamati Ellison has been named an assistant coach of the Crusaders for the Super Rugby season 7:37

    Cricket:
    Northern Districts have Mitchell Santner's composure to thank for their five-wicket Super Smash cricket win against Auckland 7:36

    Business:
    A push to inspire entrepreneurial Cantabrians 7:16


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