An economist thinks it'll be a while until we get a good picture of the state of the economy
An economist thinks it'll be a while until we get a good picture of the state of the economy
18 March 2021
Stats NZ is reporting a 2.9 percent fall in gross domestic product in the past year, and a one per cent decline in the last quarter of 2020.
Independent economist Cameron Bagrie says it shows New Zealand's still in a volatile position, after a 14 per cent increase in September.
He thinks it will be mid-year before the data shows the real cracks in the economy.
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