Possibly in recession
This week we will be a little wiser as to whether we are in recession or not. We won’t actually know for sure but at least we will find out whether NZ output declined in the March quarter (we will have to wait until September to find out what happened in the almost-finished June quarter). The odds are that we have just experienced six months of recession. March quarter output is widely believed to have declined by 0.3%, and the June quarter appears to have been worse … Read After GDP
