The cost of the credit crisis

rbnzlosses

comes from Reserve Bank Governor Alan Bollard's presentation to the PM's Jobs Summit.

$39 trillion is a lot of money. It is 390 times the size of the NZ economy.

This is why things are going to get a lot worse, and why local measures (no matter how worthy) will have little effect.

Comments (147)

Login to comment or vote

Add a Comment