Document library

Economic growth in New Zealand slowed to 1.6% over the March 2020 year, following revised 3.1%pa growth in 2019. The March 2020 year captures only the very early stages of the COVID-19 pandemic, which occurred during the three months to March 2020. In this time, China was in lockdown, the New Zealand border was closed, and our trade activity suffered from global reactions to the pandemic.