Podcasts Other The Mike Hosking Breakfast Steven Joyce: Former Finance Minister says the economy is going through a rough patch, going to take a while to turn around

Steven Joyce: Former Finance Minister says the economy is going through a rough patch, going to take a while to turn around

Published: June 15, 2023, 7:36 p.m.

New Zealand may not be in a recession, but it's certainly in a slowdown.

On paper, the country has officially entered a "technical recession" after recording two consecutive quarters of negative growth.

But in reality, the latest 0.1 percent drop in GDP could be revised up, meaning the recession never happened.

Former Finance Minister Steven Joyce told Mike Hosking what is certain, is the economy is going through a rough patch that's going to take a while to turn around.

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