By Mike Treen, Retired Union Advocate The economy of New Zealand is officially in recession. New Zealand’s gross domestic product (GDP) shrank by 0.1 percent during the October-December period, following a 0.3 percent contraction in the third quarter, according to the Statistics Department, a government agency. (see https://tradingeconomics.com/new-zealand/gdp-growth). Economists traditionally define a recession as two consecutive quarters of negative growth. On a per capita basis, … Continue reading Data 2: Why we are officially in recession

By Mike Treen, retired union advocate The real value of benefits is being cut by switching the calculation of annual changes from the movement of the average wage to the Consumer Price Index. The CPI has traditionally been a lower number. Benefits had been switched back to the average wage movement only as recently as 2020 after being tied to the CPI in 1990. That … Continue reading Data 1 – benefits are being cut in value in real terms – but why?