This was a dire week for the economy - but experts say things can only go up from here.

Stats NZ revealed that GDP was down 1 percent in the September quarter, and had been down 1.1 percent the previous quarter.

This is the biggest drop since 1991, excluding the Covid-19 lockdowns.

Despite the gloomy outlook, NZ Herald business editor at large Liam Dann says this will likely be as bad as things get before things pick up.

LISTEN ABOVE

This was a dire week for the economy - but experts say things can only go up from here.
Stats NZ revealed that GDP was down 1 percent in the September quarter, and had been down 1.1 percent the previous quarter.
This is the biggest drop since 1991, excluding the Covid-19 lockdowns.
Despite the gloomy outlook, NZ Herald business editor at large Liam Dann says this will likely be as bad as things get before things pick up.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Liam Dann: NZ Herald business editor at large on GDP dropping 1 percent in the September quarter

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/de46c607-ea47-4c3a-917d-b24b006cddc7/transcript

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