NZ's economy shrank in 2020, others fared worse

Jenny Ruth
Thu, 18 Mar 2021

Jenny Ruth
Thu, 18 Mar 2021
While New Zealand's economy shrank 1% in the December quarter from the September quarter and was down 0.9% from the same quarter a year earlier, we're faring considerably better than most, economically speaking, through the covid-19 pandemic.Our nearest neighbour, Australia's economy was 1.1% weaker in the December quarter from the same quarter of 2019, the US's was down 2.4% and Britain's was down 7.8%, according to OECD figures."Globally, there have been a variety of experiences and responses to the pandemic and these...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Pet food millionaire snaffles Taupō racetrack
Pattrick Smellie | Sat, 17 Apr 2021

Tony Quinn is adding Taupō's Bruce McLean Park to the motorsport facilities he already owns at Hampton Downs and Highlands.

Markets Exclusive
Market regulator blasts Australian 'culture of leaks'
Dan Brunskill | Sat, 17 Apr 2021

Leaks are threatening market integrity and should not be tolerated, NZ RegCo says.

The traditional office is dying a slow, painful death
Jehan Casinader | Sat, 17 Apr 2021

The modern workplace has been through various iterations in recent decades, but no one questioned why it existed in the first place.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.