Economy

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...

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