New Zealand economy in deepest recession as second quarter GDP shrinks

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New Zealand officially in recession as second-quarter GDP posts record decline

FILE PHOTO: Commute traffic is seen on the first day of New Zealand's new coronavirus disease safety measure that mandates wearing of a mask on public transport, in Auckland, New Zealand, August 31, 2020. REUTERS/Fiona Goodall

Growth has been hit by a standstill in economic activity as a strict nationwide coronavirus lockdown in April and parts of May forced almost everyone to stay at home and businesses to shut. But economists say New Zealand will bounce back faster, while other nations are still struggling to contain the coronavirus.

 

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This is somehow quite predictable, their leader isn't that aggressive to make money.

Boy didn't they think they were hot shit

Comrade Ardern has achieved what she set out to do. Screw the country over then tax the crap out of the middle class and the rich to help the bleeders and freeloaders.

The world is in recession😒

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