PHOTO: Robert Muldoon faced a recession as both finance minister and Prime Minister. Photo: Getty Images
New Zealand has had a recession every year ending in 8 since 1968. So is 2018 the exception that proves the rule? Bernard Hickey reports.
It’s either economic astrology or just very bad luck, and it’s definitely not any sort of economic certainty or rule.
But it is the great curio of New Zealand’s economic history: we have had a recession every year ending with 8 since the 1968.
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