Monday, Jun 16, 2008
New Zealand is on the cusp of a downturn and risks seizing the dubious honour from the US of becoming the world’s first developed nation to sink into recession, as measured by two consecutive quarters of negative gross domestic product growth
ft.com: New Zealand poised to fall into recession
New Zealand poised to fall into recession
he land of the long white cloud has enjoyed a 10-year economic boom driven by exports of milk, butter and cheese, a population riding a housing market boom and tourists eager to sample the landscapes depicted in Hollywood films such as The Lord of the Rings.
But New Zealand is on the cusp of a downturn and risks seizing the dubious honour from the US of becoming the world’s first developed nation to sink into recession, as measured by two consecutive quarters of negative gross domestic product growth.
Posted by big chris @ 08:41 AM (121 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.