About: http://data.cimple.eu/news-article/be10687a21832bdc1b3a4d34641f4cf63492363bd80cf2cfaa66d4f0

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About: http://data.cimple.eu/news-article/be10687a21832bdc1b3a4d34641f4cf63492363bd80cf2cfaa66d4f0 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	New Zealand roared back from a coronavirus-induced recession with record economic growth of 14.0 percent in the July-September quarter, official data showed Thursday. The strong figures followed an 11.0 percent decline in the previous quarter -- when New Zealand was in a Covid-19 lockdown. Finance Minister Grant Robertson said the recovery was a pay-off for New Zealand's success in containing the virus, with only 25 deaths among a population of five million. "The economic bounce back is a result of our decision to go hard and early during the COVID-19 pandemic," he said. "We supported more than 1.8 million workers through the Wage Subsidy Scheme and invested billions of dollars into infrastructure, training and creating jobs." Statistics New Zealand (SNZ) said service industries drove growth, with activity in retail, accommodation, and restaurants up 42.8 percent as Kiwis enjoyed a near-normal domestic existence following the successful lockdown. "This resulted in the strongest quarterly growth in GDP on record in New Zealand," SNZ senior manager Paul Pascoe said. Kiwiback chief economist Jarrod Kerr said the scale of the figures were hard to digest. "It's clear that 95 percent of our economy is performing particularly well, but we must spare a thought for the other five percent," he said, adding that the international education and tourism sectors continued to struggle. ns/dw
schema:headline	New Zealand's virus recession ends with record growth
schema:mentions	Grant Robertson Finance minister Management Recession Gross domestic product Lockdown Pandemic Virus Coronavirus disease 2019 International education SNZ (group) Paul Pascoe Statistics New Zealand New Zealanders Data warehouse Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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