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New Zealand Slips Into Technical Recession

New Zealand Slips Into Technical Recession
Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, on July 3, 2017. David Gray/Reuters
Henry Jom
|Updated:

New Zealand is technically in a recession after the nation’s gross domestic product (GDP) slid into the red for the second consecutive quarter.

Figures released by Statz NZ on June 15 showed that New Zealand’s economy fell 0.1 percent in the March 2023 quarter, following a fall of 0.7 percent in GDP in the December 2022 quarter.
Henry Jom
Henry Jom
Author
Henry Jom is a reporter for The Epoch Times, Australia, covering a range of topics, including medicolegal, health, political, and business-related issues. He has a background in the rehabilitation sciences and is currently completing a postgraduate degree in law. Henry can be contacted at [email protected]
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