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Dec
23
2009

September quarter NZ GDP

What happened!  It will be here.

I’m not around (I am currently visiting our lucky neighbour in Australia).  I bet that we had a negative quarter didn’t we.  That would be a pretty negative shock for people, given that some OK growth was expected.

If we did have negative growth does that mean we are back in recession?  Having one positive quarter doesn’t seem like enough to rule a recession out (that is if June wasn’t revised down to be honest).

My pick for what just happened?  I think June has been revised negative and September is a small positive.

About the author

Matt Nolan

Matt Nolan is an economist at Infometrics (although the opinions expressed are independent of the organisation) . Email: nolan.matt@gmail.com; matt@infometrics.co.nz. Work phone: 04-496-5290

Permanent link to this article: http://www.tvhe.co.nz/2009/12/23/september-quarter-nz-gdp/

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