19 Mar 2021

Covid-19: Double recession possible - Robertson

From Morning Report, 7:13 am on 19 March 2021

New Zealand's economy went into reverse at the end of 2020 as closed borders and a fall in commercial construction projects offset a hot housing market.

Official numbers show GDP fell 1 percent for the three months to December, raising the possibility we may be back in recession.

Finance Minister Grant Robertson told Morning Report it is to early to make that call.