New Zealand enters recession | World Business Watch
Edited By WION Video Desk
Published: Jun 15, 2023, 05:35 IST | Updated: Jun 15, 2023, 05:35 IST
New Zealand's economy has taken a significant hit, entering a technical recession as its gross domestic product contracted for the second consecutive quarter. Government data shows that the country's gross domestic product contracted for the second consecutive quarter, with a 0.1% decline in the first quarter.
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