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Comments on: GDP June 09: The recession is over http://www.tvhe.co.nz/2009/09/23/gdp-june-09-the-recession-is-over/ The Visible Hand in Economics Wed, 23 Sep 2009 00:07:15 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/09/23/gdp-june-09-the-recession-is-over/#comment-21492 Wed, 23 Sep 2009 00:05:57 +0000 http://www.tvhe.co.nz/?p=4366#comment-21492 Ahhh excellent yes – go the transfers.

Although I have to be honest, given the collapse in the TOT in the June quarter, flat RNGDI is still a little stronger than I would have expected. However, it is not excessively surprising like a 1.9% leap 😉

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/09/23/gdp-june-09-the-recession-is-over/#comment-21491 Tue, 22 Sep 2009 23:59:31 +0000 http://www.tvhe.co.nz/?p=4366#comment-21491 Matt, RNGDI was up because of the $661m that foreign-owned BNZ acknowledged that it owes to the IRD. Take that out and RNGDI was down a touch.

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