New Zealand’s economy slipped into recession on Thursday with first quarter Gross Domestic Product falling 0.1 per cent. This follows a revised 0.7 per cent drop in GDP in the fourth quarter of 2022, technically pushing the country into recession following two consecutive quarters of contraction.

New Zealand slips into recession as GDP falls 0.1 per cent in March quarter

New Zealand plunged into recession for the first time in a decade Thursday, as data confirmed a record-breaking economic collapse that forced Prime Minister Jacinda Ardern to defend her pandemic response ahead of next month's general election.

New Zealand plunges into recession as economy shrinks record 12%

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New Zealand slips into recession as GDP falls 0.1 per cent in March quarter

New Zealand plunges into recession as economy shrinks record 12%