Robert McCulloch: Macroeconomics professor disagrees with Grant Robertson's blame of recession on floods and cyclone

Upon the release of the GDP figures confirming New Zealand has entered two quarters of contraction and so is in a recession, Grant Robertson issued a press statement headed "Economy takes knock from Auckland floods and Cyclone". Robert McCulloch, who writes the blog Down to Earth Kiwi and is the Matthew S. Able Professor of Macroeconomics at the University of Auckland begs to differ.  He joined Kerre Woodham Mornings. LISTEN ABOVE  See omnystudio.com/listener for privacy information.