New Zealand in recession as March quarter GDP falls 0.1%
Stats NZ data reveals two successive quarterly declines in the economy.
The RBNZ had forecast a modest 0.3% increase in the quarter.
Jonathan Mitchell
Thu, 15 Jun 2023
New Zealand has just entered a recession – with Stats NZ data out today showing the economy contracted by a modest 0.1% in the March quarter.
It followed a revised contraction of 0.7% in the December quarter – with two successive declines resulting in a technical recession.
The RBNZ had forecast
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
NZ Aviation News
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Aviation News - Monthly
NZ$14.95 / monthly
Already have an account? Login
Jonathan Mitchell
Thu, 15 Jun 2023
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Related News
Related News
New Zealand in recession as March quarter GDP falls 0.1%
Economics,
99536