Economy contracts sharply as GDP falls 0.9% in June quarter

The economy has ‘had the stuffing knocked out of it’. Here are your thoughts

Here is what you told us after it was revealed the country’s Gross Domestic Product shrank -0.9% in the three months to June.

Economy contracts sharply as GDP falls 0.9% in June quarter

Figures for the three months to June show the books moving backwards.

GDP Figures Show Impact Of Global Uncertainty

Stats NZ figures released today show real Gross Domestic Product fell 0.9 per cent in the second quarter of the year after a 0.9 per cent increase in the first three months of the year.

Economists call for big rate cut from RBNZ after GDP shock

Both Westpac and Kiwibank economists have quickly called for the Reserve Bank to cut the Official Cash Rate by 50 points next month in reaction to the 0.9% drop in GDP; ASB joins in on the call too

GDP CRASH! Government’s economic austerity experiment horrifically backfires

Jesus wept! It’s so much worse than we collectively feared… Economy contracts sharply as GDP falls 0.9% in June quarter Economy shrinks 0.9 pct in June quarter, -1.1 pct on year ago Expectations were for a fall between 0.3-0.5 pct Primary production, manufacturing, construction lead the decline Telecommunications/media, public spending, rental sectors expand Data over recent months show mixed and tepid activity, backs further Reserve Bank Rate …

GDP figures show impact of global uncertainty

Economic data released today reflects the impact global uncertainty has had on consumers and businesses, Finance Minister Nicola Willis says.  Stats NZ figures released today show real Gross Domestic Product fell 0.9 per cent in the second quarter of the year after a 0.9 per cent increase in the first three months of the year.  “International turmoil and uncertainty relating to tariffs clearly had an impact on firms’ and households’ willingness …