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Business

  • NZ in recession. GDP = -0.1%. GDP per capita = -0.7%.

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  • Core Crown tax revenue hits 30% of GDP. Expenses 1/3 of GDP.

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  • Aggravated retail robberies doubled in December

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  • Rural confidence hits record low

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  • 8 installations from the Crime Prevention Fund in 6 months

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  • 13 more annual/stat/sick leave days since 2000

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  • First one-off public holiday since WWII (77 years ago)

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  • Inflation 3.7x RBNZ remit

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  • NZ Govt forecast to exceed 2021 budget by $11 billion additional tax (+12%) & $17 billion expenses (+16%)

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