The recession outlook: What lies ahead

Economists are analysing the newly identified recession, how it will affect New Zealanders and just how bad it could get. Gross Domestic Product figures just out, show New Zealand is officially in its first recession in a decade, after the economy contracted a record 12-point-2 percent in the three months ended June.
Kiwibank's chief economist, Jarrod Kerr, joins Karyn to discuss what the recession could mean.