17 Sep 2020

Economy officially in recession

From Nine To Noon, 11:06 am on 17 September 2020

The country is officially in recession for the first time in a decade.

Official numbers show gross domestic product -- the broad measure of growth -- fell a seasonally adjusted 12.2 percent in the three months ended June. RNZ Business editor Gyles Beckford says it's the biggest fall on record.