New Zealand has entered a recession with the economy contracting 12.2% in the June quarter – the largest drop since such records began in 1987.
Self inficted
This surprises me. Because NZ has done the best hasn't it dealing with the virus?
Lmaooooo they locked down over 4 cases and applauded their PM.
Good time to buy a 2nd home.
The Lock down Death Spiral. If you thought austerity was bad... wait until you get the bill for COVID Workers not returning to offices = = Businesses in towns will go under = Towns will die = More jobs lost = Less Tax (local/national) = Greater Government Expense (support)
Ugh. I hate recessions. I've lived through the 80's and nineties and they just suck
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