Gross Domestic Product fell by 0.1 percent.

Anybody who thinks the best way out of a recession is austerity measures needs to have their heads examined.

  • some_guy@lemmy.sdf.org
    2·
    3 months ago

    I’m planning to move to NZ if the terrible man gets reelected. It’d be a shame if everything went to hell before that happened, but it would stop me.

    • BalpeenHammerOP
      4·
      3 months ago

      They are setting up for our version of the terrible man which is David Seymour.

    • HappycamperNZ@lemmy.world
      1·
      3 months ago

      While this sounds alarmist this us actually deliberate and controlled for a good reason.

      We are down to 5% inflation from 8, and pushing GDP down bring us closer to the stable 2% RBNZ is after. This is a good thing for the long term success of the country.