Higher unemployment looms, CTU says
Morning Report
English - December 14, 2023 18:41 - 5 minutes - 5.05 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The Council of Trade Union's chief economist says higher unemployment is looming. Stats New Zealand released economic figures yesterday - showing the economy shrank 0.3 per cent in the three months ending September. It also revised figures for the June quarter - showing a 0.5 per cent GDP rise, compared to the 0.9 per cent reported. The union's Craig Renney said this shows the economy is weaker than assumed. He spoke with Corin Dann.