NZ's economy shrank in 2020, others fared worse

NZ's economy shrank in 2020, others fared worse
Jenny Ruth
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...

More Economy

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025
S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025