About: http://data.cimple.eu/news-article/6a6f93d6bb3584d3e44e47bcbb04c7383fb7bbf574846ed9cb4b76a3

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/6a6f93d6bb3584d3e44e47bcbb04c7383fb7bbf574846ed9cb4b76a3 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	New Zealand's economy posted a record fall in the June quarter, according to official data Wednesday that also confirmed a Covid-19-induced recession as Prime Minister Jacinda Ardern heads into next month's general election. "The 12.2-percent fall in quarterly GDP is by far the largest on record in New Zealand," the national statistics agency said. The reporting period covers April to June, coinciding with a strict lockdown that began in late March and began easing in late May. Stats NZ spokesman Paul Pascoe said the closure of New Zealand's borders since March 19 had also had a huge impact of some sectors of the economy. "Industries like retail, accommodation and restaurants, and transport saw significant declines in production because they were most directly affected by the international travel ban and strict nationwide lockdown," he said. "Other industries, like food and beverage manufacturing, were essential services and fell much less." The second-quarter decline follows a 1.6-percent contraction in the first three months of 2020, confirming widespread expectations that New Zealand is in recession. However, the 12.2-percent figure was below the 16 percent predicted by the government this week and fell well short of the 23.5 percent forecast in the budget last May. Finance Minister Grant Robertson said the better-than-expected outcome was due to policies implemented by Ardern's government, which will go to the polls seeking a second term on October 17. "Going hard and early means that we can come back faster and stronger," he said. "Economists expect the current September quarter to show a record jump back to growth in the economy." ns/arb/jah
schema:headline	New Zealand economy shrinks record 12%, enters recession
schema:mentions	Grant Robertson Finance minister General election Recession Prime Minister of New Zealand Jacinda Ardern Gross domestic product Lockdown Coronavirus disease 2019 Paul Pascoe New Zealanders
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software