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INSANE TRUTH About NZ Property Market / Ep 338

NZ Everyday Investor

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The Risks of a Recession

New Zealand's economy shrank by 0.6% in the last quarter of 2013. But it grew by 1.7%. So if you think about, well, how far back are we rewinding the clock? And it's like, okay, so we're still better off than we were nine months ago. My view is that the back is likely to be worse than the bike. Not everybody will have a job but there will be some pain among a few people.

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