New Zealand's economy has barely escaped another technical recession.

New Stats NZ figures show our Gross Domestic Product contracted 0.2% in the three months to June.

Its revised figures downgrade the March quarter to show the economy grew just 0.1%, not the 0.2% initially estimated.

Herald Business Editor at Large Liam Dann told John McDonald that minimal growth kept us out of another technical recession but doesn't change reality.

He says with a lot of migration gains and population growth, on a per capita basis we're still in a recession.

LISTEN ABOVE

New Zealand's economy has barely escaped another technical recession. 
New Stats NZ figures show our Gross Domestic Product contracted 0.2% in the three months to June. 
Its revised figures downgrade the March quarter to show the economy grew just 0.1%, not the 0.2% initially estimated. 
Herald Business Editor at Large Liam Dann told John McDonald that minimal growth kept us out of another technical recession but doesn't change reality. 
He says with a lot of migration gains and population growth, on a per capita basis we're still in a recession. 
LISTEN ABOVE

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Liam Dann: NZ Herald Business Editor on the GDP falling 0.2% in the three months to June

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a82c5b93-c186-4e0f-bff4-b1ef0189b786/transcript

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