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Economics
3 mins to read

‘Really ugly’: grim economic data highlights widespread pain

ANZ economist Henry Russell tells NBR another 50bps OCR cut is expected in February.

WATCH: ANZ economist Henry Russell speaks with Jonathan Mitchell.

New Zealand’s economy demands more hefty rate cuts to avoid further carnage, economists say, as official data highlights the country has been in a deep recession this year.

Yesterday, Statistics NZ data showed the economy declined 1% in the September quarter, following a revised 1.1% fall in the

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Jonathan Mitchell Fri, 20 Dec 2024
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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‘Really ugly’: grim economic data highlights widespread pain
Economics,
107300
true