Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017.
The Reserve Bank of New Zealand had forecast a quarterly and annual GDP decline of 14 percent in its August statement. But economists say New Zealand will bounce back faster, while other nations are still struggling to contain the coronavirus. Treasury forecasts released on Wednesday showed that while New Zealand's response to Covid-19 helped lessen the short-term economic shock, massive debt and continuing disruptions will delay a full recovery.
National's finance spokesman compared the response to Australia, which recorded an economic contraction of seven percent in the June quarter after adopting a more flexible approach to lockdowns and border controls. New Zealand most recent recession was in 2008-09 and until the first three months of this year it had recorded non-stop quarterly growth since 2010."We've never seen anything like this. It was traumatic," he said.
I suggest you worry about Turkey’s economic slump and the deratings by all the credit agencies bestowed on you
2_साल_पूरे_69k_के_सपने_अधूरे NationalUnemploymentDay बेरोजगार_दिवस_17_सितम्बर PMOIndia narendramodi myogiadityanath Aamitabh2 Modiji became first ever Prime minister to produce highest number of Unemployed in the world. Don't give mental harassment to youth of india.
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