Growth in the December quarter was 0.3%, a third of the government’s PREFU forecast.
|Quarterly GDP per capita, $95/96|
|Peak, Q4 2007||8,104|
|When Nats took power, Q3 2008||7,935|
|Now, Q4 2011||7,777|
|Brighter Future||any day now|
Anyone else find it odd that GDP per capita has fallen as much during the ‘aggressive recovery’ as it did during the recession?
Anyone else getting the feeling that John Key isn’t the economic genius he makes out?