When announcing last week’s drop in interest rates Reserve Bank governor Alan Bollard said the recession was technically over.
John Key doesn’t share his confidence.
Bernard Hickey is sure there’s worse to come.
Tui is too:
Homepaddock
A rural perspective with a blue tint by Ele Ludemann
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Homepaddock 
[…] lot of people appear to be discussing the RBNZ’s call that the New Zealand recession is over (here, here, and […]
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Dr Bollard (known to some as Dr Bollock’s} is probably right in stating ” the recession is technically over”.
He just forgot to mention .the the deepning depression heading our way
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