0.5% GDP growth

Stats NZ reports:

Gross domestic product (GDP) grew 0.5 percent in the December 2019 quarter, after a 0.8 percent rise in the previous quarter, Stats NZ said today. …

Annual GDP growth for the year ended December 2019 was 2.3 percent, compared with a 3.2 percent growth in the year ended December 2018.

0.5% quarterly growth is pretty miserable. This is before the impact of Coronavirus. The next quarter will be (I predict) slightly negative and the June quarter will be massively down.