17 Sep 2020

NZ in recession following record 12.2 percent contraction

From Midday Report, 12:11 pm on 17 September 2020

New Zealand is officially in its first recession in a decade, after the economy contracted a record 12.2 percent in the three months ended June.

The Gross Domestic Product figures out this morning - the broad measure of growth - are in line with expectations.

Te Aniwa Hurihanganui spoke to RNZ's Business Editor, Gyles Beckford.