As we reach the close of the third quarter of 2020, the latest statistics on the New Zealand economy give us a picture of the depth of the recession in the first half of the year, with the domestic economy contracting 12.2% in the June quarter. GDP is the topic of the month, and while the contracting economy is no surprise with the strict lockdown measures, NZ’s performance is perhaps a little better than expected when compared with The Treasury’s Budget forecasts back in May (green line in graph below left). The September Pre-election Economic and Fiscal Update expects GDP to rebound in the next quarter.
Te Waka Economic Radar 2 October 2020
Taupō based regenerative worm farm MyNoke, largest in the world
Founded In 2007 with 20 buckets of compost worms, the world's largest worm farming operation in Taupō has now turned those 20 buckets into three billion.
Celebrating ten seasons of fishing and adventure
Presenters Scott Parry and Mig Rumney return to the screen with another season of high energy entertainment as they adventure around New Zealand.
Accredited Employer Work Visa
The Government has announced a new faster timeline for reopening the border and reconnecting New Zealand with the world, and the border will be fully reopened by the end of July – three months earlier than planned.
Hamilton technology services firm Dynamo6 celebrates 10 years in business
The company announces plans for growth, doubling the size of its team, looking into overseas expansion, and moving into a new custom-designed space in Hamilton.
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