Massive GDP fall: NZ in deep recession – worst since 1991
New Zealand’s gross domestic product (GDP) crashed by 1% in the September 2024 quarter, a much larger fall than economists had expected. The slump came after a revised 1.1% decrease in the June...
recession 2025: New Zealand enters recession, economy sees …
Dec 19, 2024 · New Zealand's economy officially entered a recession in the third quarter of this year, with gross domestic product (GDP) shrinking by 1.0 percent between July and September, according to data released on Thursday.
New Zealand sinks into recession, more rate cuts coming
Dec 19, 2024 · New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the...
New Zealand slips into its second recession in 18 months | AP News
Mar 21, 2024 · New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country’s economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand’s official statistics agency, Stats NZ, announced on Thursday.
New Zealand: Economy slips into recession after interest rate hikes - BBC
New Zealand's economy has fallen into recession after the country's central bank aggressively raised interest rates to a 14-year high. Its gross domestic product (GDP) fell by 0.1% in the first...
New Zealand is in a recession: What you need to know
Mar 21, 2024 · The headlines have spoken - "GDP: It's official - we're in recession" and "New Zealand slips into double-dip recession amid rate hikes". Stats NZ has said the economy contracted 0.3 percent in the three months ended September, followed by a 0.1 percent contraction in the December quarter.
New Zealand sinks into recession, more rate cuts coming
Dec 18, 2024 · New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the...
New Zealand Suffers Deeper-Than-Expected Recession; Kiwi Drops
Dec 18, 2024 · (Bloomberg) -- New Zealand’s economy suffered a deeper-than-expected recession in the second and third quarters as high interest rates curbed demand. The local dollar fell to a two-year low.
GDP: It’s official - we’re in recession - NZ Herald
New Zealand has entered recession. Gross domestic product (GDP) fell 0.1 per cent in the December 2023 quarter, compared with the September quarter (which also shrank).
New Zealand exits recession, but economic troubles linger
Jun 20, 2024 · New Zealand’s economy has crawled out of recession after back-to-back downturns in the span of 18 months. Gross domestic product (GDP) grew 0.2 percent in the first three months of the year,...