Economy exits recession with slight growth
New Zealand’s economy expanded 0.2% in the March quarter, after a 0.1% contraction previously.
The construction, business services, and manufacturing sectors declined in the March quarter.
New Zealand avoided a recession at the start of the year after the economy notched slight growth.
Statistics New Zealand data out this morning showed gross domestic product rose 0.2% in the March quarter, following a 0.1% drop in the December quarter.
Half of the industries measured reported gains,
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