New Zealand may already be in recession: Treasury
| Source: | Lateline |
|---|---|
| Published: | Tuesday, August 5, 2008 7:56 AEST |
| Expires: | Monday, November 3, 2008 7:56 AEST |
The New Zealand Treasury Department says it is already too late to avoid a recession. A Treasury Report forecasts the New Zealand economy will contract for the second successive quarter.
