Historic yo-yo as scarred economy bounces back

Thu, 17 Dec 2020

The economy bounced a record 14 percent in the September quarter but, while activity returned to pre-covid 19 levels, some scarring remains.“This is the second historic GDP result in a row,” said Stats NZ national accounts senior manager Paul Pascoe. The quarter-on-quarter growth in gross domestic product followed a revised 11 percent quarterly drop in the June quarter and was up 0.4 percent compared to the September quarter of the prior year.“GDP was up compared with the September 2019 quarter, indicating that overall we...

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