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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Economy Matters
4 mins to read

What’s with this ‘technical recession’?

ANALYSIS: They could have just said: for the second quarter in a row, we didn’t grow.

NBR columnist Christoph Schumacher speaks with Jonathan Mitchell.

So, we are in a ‘technical recession’. Sounds bad. The economists and news outlets could have been less dramatic and simply told us that, for the second quarter in a row, we didn’t grow. 

And why is it called a technical recession and not simply a recession? A recession is a sustained period

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Christoph Schumacher Mon, 03 Jul 2023
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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What’s with this ‘technical recession’?
Economy Matters,
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