Login
ISCOVER
New Zealand has officially fallen into recession according to figures released by Statistics New Zealand today.
The country’s gross domestic product shrank 0.2 per cent in the three months to June, following a 0.3 per cent contraction in the three months to March.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Two consecutive quarters of negative growth satisfies the technical definition of a recession.
The news marks one decade since New Zealand’s last recession ended.
Published: 26-09-08
Does Australia face the threat of recession? COMMENT HERE
Today's other news
