Largest annual fall in economic growth ever recorded
GDP dips in December quarter, following rebound in previous quarter.
Brent Edwards
Thu, 18 Mar 2021
Economic activity contracted by 2.9% last year as the Covid-19 pandemic acted as a drag on growth.
It is the largest annual fall in economic growth ever recorded in New Zealand, beating the 2.2% contraction recorded in the year to the end of September 2020.
But Statistics New Zealand said the
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Brent Edwards
Thu, 18 Mar 2021
Contact the Writer: brent@nbr.co.nz
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Largest annual fall in economic growth ever recorded
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