16 Jun 2023

National blames Government profligacy for "fragile" economy

From Morning Report, 6:46 am on 16 June 2023

National has attacked the Government over the latest GDP figures, saying the economy is in a fragile state thanks to its profligacy.

New Zealand is technically in recession, with GDP down for the March quarter by 0.1%, following a fall in GDP of 0.6% in the December quarter.

The Government says there's plenty of good news, with inflation having peaked, tourism and immigration bouncing back, and primary exports set to hit a record $56.2b by June - 2.3% higher than expected.

National's Deputy Leader and Finance spokesperson, Nicola Willis, spoke to Ingrid Hipkiss.