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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Economics
2 mins to read

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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Jonathan Mitchell Thu, 20 Jun 2024
Contact the Writer: jmitchell@nbr.co.nz
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Economy exits recession with slight growth
Economics,
104579
true