Robbo is half way to stagflation

Stats NZ reports:

GDP fell 0.2 percent in the March 2022 quarter

So we’re now just one quarter off a recession, during a time of high inflation. So Labour has almost managed the rare feat of stagflation.

This is an important question. It is one thing for a forecast done a year ago to be out. But the Reserve Bank just a few weeks ago was saying the economy would grow 0.7% for the quarter they were halfway through, and in fact it shrank 0.2%.

I may be wrong here, but would it helped if they focused more on economic capability, and less on te reo capability?

Now how does our economy shrinking by 0.2% compare with others?

1. Canada +0.8%
2. Australia +0.8%
3. UK +0.8%
4. EU +0.7%
5. NZ -0.2%
6. US -0.4%