New Zealand economy in deep recession after shocker year
Although economists expect the worst is now over for the economy.
Illustration: Michael Hickmott.
Jonathan Mitchell
Thu, 19 Dec 2024
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New Zealand’s economy has fallen off a cliff after recording two consecutive negative quarters, including a much deeper than expected decline in the third quarter.
Statistics NZ data today showed the economy declined 1% in the September quarter, following a revised 1.1% fall in the June quarter,
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Jonathan Mitchell
Thu, 19 Dec 2024
Contact the Writer: jmitchell@nbr.co.nz
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