Economy transitioning to a post-covid future

The return of tourists in the second quarter helped propel the economy forward. (Image: Queenstown NZ)

Fri, 16 Sep 2022

The New Zealand economy comfortably avoided a recession in the second quarter, growing by 1.7%. Economists mostly picked it right, seeing through weak retail sales numbers that suggested otherwise, albeit that most underestimated the strength of the economy. The upshot is an economy that has recovered from a delta-induced contraction in the third quarter of 2021 and an omicron setback in the first quarter this year, to be the same size it was in Q2 2021.Back to the pre-covid futureHow it got there, tells a story about the rebalancing...

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