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Brad Olsen: Infometrics Chief Executive says summer holidays aren't as bad for the economy as some think
Published 4 months, 2 weeks ago
Description
The length of New Zealand's summer holiday - isn't as bad for the economy as some may think.
Prime Minister Chris Luxon's weighed in on debate - saying after working overseas, he's used to returning to work about January 3 - which he'll probably do again this summer.
Infometrics Chief Executive, Brad Olsen, says supermarkets and tourism boom over the period.
He says the professional services industry shuts down longer, but that's not the entire economy.
Olsen says March quarterly GDP relative to average quarterly GDP - and it's only two percent below the average for the rest of the financial year.
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