Five years of recession for trade sector

Finance Minister Bill English said New Zealand’s tradeable sector has been in recession for five years.

“There’s really been no increase in our tradeable sector output since 2003.”

Growth had come from consumption in government.

Another indictment on nine years of wasted opportunity and over spending under the previous administration.

2 Responses to Five years of recession for trade sector

  1. JC says:

    Understated, a throw away line almost.. yet that statement should/needs to be followed up because its part of why NZ (puzzlingly to experts) has not performed these past 50 odd years.

    JC

    Like

  2. Hugh says:

    Doesn’t a recession require actual shrinkage, not just non-growth?

    Like

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