Statistics to show recovery that feels like a recession

Statistics to show recovery that feels like a recession
Anaemic growth, at best, is ahead. (Image: Getty)
Pattrick Smellie
This week’s economic growth and balance of payments data are expected to show the beginnings of an anaemic economic recovery that could yet be too weak to reduce the country’s serious external imbalance in its dealings with the rest of the world.Balance of payments current account data for the June quarter is due on Wednesday and is expected to show the deficit on all of New Zealand’s financial dealings with the rest of the world stuck at or just below an unsustainably high 8% of gross domestic product.The GDP figures for the...

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Staff reporters 28 Nov 2023