Stabilising the economy is not as simple as investing more. 

Stats NZ figures out yesterday show GDP fell 1% in the three months to September. 

They also revised the preceding quarter down to 1.1% contraction, with both figures putting us in deep recession. 

ANZ Economist Henry Russell told Andrew Dickens the Government should be investing more, if it weren't dealing with its own deficits. 

He says there is going to be another shock on the horizon and the country needs to be prepared to respond to that. 

LISTEN ABOVE 

Stabilising the economy is not as simple as investing more.&nbsp;
Stats NZ figures out yesterday show GDP fell 1% in the three months to September.&nbsp;
They also revised the preceding quarter down to 1.1% contraction, with both figures putting us in deep recession.&nbsp;
ANZ Economist Henry Russell told Andrew Dickens the Government should be investing more, if it weren't dealing with its own deficits.&nbsp;
He says there is going to be another shock on the horizon and the country needs to be prepared to respond to that.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Henry Russell: ANZ Economist on the latest GDP figures putting New Zealand into a recession

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3a5cb5cd-22e4-4f14-950c-b24b0145a9ba/transcript

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