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10 Jul 2020 12:58
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  •   Home > News > Business

    The Reserve Bank's expecting the largest decline in annual GDP - in 160 years

    The Reserve Bank's expecting the largest decline in annual GDP - in 160 years


    The bank today released its six-monthly report on the Financial Stability of New Zealand's system.

    Deputy Governor Geoff Bascand says a lot of the economic pain could still be to come.

    He says as unemployment rises and spending slows down... it can create a vicious circle.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     10 Jul: Retail internet providers are disappointed in Chorus' rise in fibre prices
     10 Jul: Christchurch business leaders want to see if there's any meat on the bones of Todd Muller's five pillar plan to revive the economy
     10 Jul: The nation's 30 power companies are calculating where electricity prices will go when Rio Tinto closes the doors on its Southland smelter at Tiwai Point
     10 Jul: Domestic travel has seen a spike with trips to Australia and the Pacific Islands called off during the school holidays
     09 Jul: A multi-million dollar investment for infrastructure projects in Whangarei
     09 Jul: The Ministry of Health claims it's already made several improvements since the investigation began
     09 Jul: NZ Aluminium Smelter chief executive Stu Hamilton says his focus is on the people of Tiwai
     Top Stories

    RUGBY RUGBY
    The prospect of the All Blacks playing the Kangaroos later this year is fading More...


    BUSINESS BUSINESS
    Retail internet providers are disappointed in Chorus' rise in fibre prices More...



     Today's News

    Golf:
    New Zealand golfer Tim Wilkinson's inside the top 10 after the opening round of the latest PGA Tour event in Ohio 12:47

    Politics:
    Did funding cuts by the Abbott government hamper the CSIRO's pandemic preparedness? 12:37

    Soccer:
    Manchester United's moved closer to a return to European Champions League football with a commanding 3-nil win over Aston Villa 11:57

    Motoring:
    Motorists are being urged to take extra care on central North Island highways due to the possibility of ice 11:57

    Business:
    Retail internet providers are disappointed in Chorus' rise in fibre prices 11:27

    Rugby League:
    Pressure is mounting on North Queensland coach Paul Green after Immortal Andrew Johns claimed their defence was "not up to NRL standard" in their 42-16 thrashing by an injury-hit Sydney Roosters 11:07

    Business:
    Christchurch business leaders want to see if there's any meat on the bones of Todd Muller's five pillar plan to revive the economy 10:27

    International:
    Earliest ever fossil teeth shed light on the evolution of modern pearly whites 10:07

    Accident and Emergency:
    One person has died, after crashing their car in Bay of Plenty 10:07

    Politics:
    Calls for action, rather than ice blocks, when it comes to air conditioning at Hawke's Bay Hospital 9:57


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