Economy slumps 0.6% in December quarter
Stats NZ data points to widespread falls in economic activity, with a recession expected this year.
Graphic: Michael Hickmott.
New Zealand’s economy contracted in the December quarter, with a slump in manufacturing leading the fall, according to Stats NZ.
Data showed a 0.6% decline in GDP in the final three months of 2022, following a revised 1.7% expansion in the September quarter.
Overall, annual GDP expanded 2.4%, down
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