Thursday, 17 December 2020, 11:32 am
The Council of Trade Unions welcomes the return of growth
in the New Zealand economy. Statistics New Zealand data
released today showed quarterly GDP growth of 14% - breaking
the previous six-month decline brought on by COVID-19 and
the associated international downturn. On an annual basis
GDP declined 2.2%, showing the economy has not yet fully
recovered and that further support will be needed to sustain
growth. Importantly, GDP per capita showed an increase of
13.8% for the quarter but showed a continued fall of -4.3%
on an annual bass - the largest fall on record.
CTU
Economist and Policy Director Craig Renney said The GDP
And:
E/G is the energy intensity of the GDP
F/E is the carbon footprint of energy
If we want to get F, total carbon to zero, we have to get one of these four factors to zero.
Assuming that at some stage this century we must drive F (total carbon rate) to zero, this implies at least one of these factors must also be zero. But which ones?
Setting P = 0 is the human extinction plan and I think we can rule that one out. Nonetheless humanity is now entering an entirely new demographic state we have never been in before; many developed nations are now at zero or even negative population growth. This has long term implications well worth exploring in a future post.
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Press Release – New Zealand Council of Trade Unions The Council of Trade Unions welcomes the return of growth in the New Zealand economy. Statistics New Zealand data released today showed quarterly GDP growth of 14% – breaking the previous six-month decline brought on by COVID-19 and the associated international …The Council of Trade Unions welcomes the return of growth in the New Zealand economy. Statistics New Zealand data released today showed quarterly GDP growth of 14% – breaking the previous six-month decline brought on by COVID-19 and the associated international downturn. On an annual basis GDP declined 2.2%, showing the economy has not yet fully recovered and that further support will be needed to sustain growth. Importantly, GDP per capita showed an increase of 13.8% for the quarter but showed a continued fall of -4.3% on an annual bass – the largest fall on record.
Press Release – New Zealand Council of Trade Unions The Council of Trade Unions welcomes the return of growth in the New Zealand economy. Statistics New Zealand data released today showed quarterly GDP growth of 14% – breaking the previous six-month decline brought on by COVID-19 and the associated international …The Council of Trade Unions welcomes the return of growth in the New Zealand economy. Statistics New Zealand data released today showed quarterly GDP growth of 14% – breaking the previous six-month decline brought on by COVID-19 and the associated international downturn. On an annual basis GDP declined 2.2%, showing the economy has not yet fully recovered and that further support will be needed to sustain growth. Importantly, GDP per capita showed an increase of 13.8% for the quarter but showed a continued fall of -4.3% on an annual bass – the largest fall on record.