Good news on the GDP front is accompanied by news of a $5m govt boost for Supercars (but what about emissions goals?)
First, we were treated to the news (from Finance Minister Grant Robertson) that the economy has turned a corner and New Zealand never was in recession. This was triggered by statistics which showed the economy expanded 0.9 per cent in the June quarter, twice as much as economists’ median forecasts of 0.4 per cent and the Treasury’s forecast of 0.6 per cent in the Pre-Election Fiscal and Economic Update.
