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26 Oct 2021 5:14
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      Home > News > Business

    More cash swirling around in the economy seems to have contributed to an impressive GDP figure

    More cash swirling around in the economy seems to have contributed to an impressive GDP figure


    Gross Domestic Product rose 2.8 percent in the June quarter, driven by activity in accommodation and food services.

    Herald Business editor-at-large Liam Dann says 50 billion dollars from the Government's coffers has been circulating - and Kiwis haven't been able to spend much overseas.

    He says it shows the economy wasn't just booming, it was bumping up against all sorts of constraints.

    © 2021 Newstalk ZB, NZCity

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     24 Oct: National says its new plan for rental accommodation will help renters and investors alike
     23 Oct: The Government's enhanced support package for businesses won't be enough for everyone, but will help
     22 Oct: Boats, cars, properties and 500 thousand dollars worth of cash
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     Today's News

    		 Cricket:
    New Zealand cricket captain Kane Williamson is wary of Pakistan's power ahead of their opening Twenty20 World Cup match tomorrow morning in Sharjah 4:54

     Politics:
    Woodside Petroleum unveils plans for $1 billion hydrogen and ammonia plant in Kwinana 21:54

     Environment:
    News at a glance: Barilaro calls Maguire a 'pain in the arse', a coup in Sudan and a 'bomb cyclone' hits California 21:54

     Law and Order:
    A man has been arrested after reports of indecent assaults at New Brighton beach in Christchurch 21:54

     Business:
    The world's largest users of aluminium could be forced to halt production within weeks amid a "catastrophic" shortage of magnesium across Europe 21:14

     International:
    Hollywood armourer, actors and crew ask questions about lead-up to fatal shooting of Halyna Hutchins on set of Alec Baldwin movie 20:44

     Auckland:
    New Zealand reports second-highest daily COVID-19 cases in pandemic 19:14

     Health & Safety:
    Two vaccine events headlined by music artists and Maori clinicians have seen almost 200 people vaccinated in South Auckland today 18:54

     Politics:
    Telstra to buy Pacific arm of telecommunications giant Digicel with Canberra's support amid China's rising influence 18:44

     Basketball:
    Protesters gather outside Brooklyn Nets's home arena in support of Kyrie Irving's COVID-19 vaccine stance 18:34

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