Today's Q3 GDP report caught several economists by surprise.

GDP fell 0.3 per cent in the September quarter, lower than the predicted 0.2 or 0.3 percent growth forecasts had predicted.

Across the whole year, GDP fell 0.6 percent overall, sparking more grim predictions.

NZ Herald business editor at large Liam Dann says Luxon's inherited a long-running recession to address.

LISTEN ABOVE

Today's Q3 GDP report caught several economists by surprise.
GDP fell 0.3 per cent in the September quarter, lower than the predicted 0.2 or 0.3 percent growth forecasts had predicted.
Across the whole year, GDP fell 0.6 percent overall, sparking more grim predictions.
NZ Herald business editor at large Liam Dann says Luxon's inherited a long-running recession to address.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.