Bishop's moves questioned as construction sector deals with recession

Chris Bishop gave a speech on housing to a property council on Thursday and will give another on RMA reform on Friday. (Image: Supplied)

Dileepa Fonseka

Fri, 22 Mar 2024

On Thursday morning, housing minister Chris Bishop walked straight into a recession. As he was making his way onstage for the Property Council residential development summit in Auckland, conference presenter Carly Flynn announced the country was officially in a recession. This came as Stats New Zealand released data stating that the gross domestic product contracted 0.1% in the December quarter, just a few minutes before Bishop walked onstage. ConcernsBut even before the pronouncement was made, economist Shamubeel Eaqub was voi...

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