Stats NZ data reveals two successive quarterly declines in the economy. The RBNZ had forecast a modest 0.3% increase in the quarter. New Zealand has just entered a recession – with Stats NZ data out today showing the economy contracted by a modest 0.1% in the March quarter. It followed a revised contraction of 0.7% in the December quarter – with two successive declines resulting in a technical recession. The RBNZ had forecast Want to read more? It's easy. Choose your best value subscription option Individual Group membership NBR Marketplace NZ Aviation News $35 per user - Pay by monthly credit card debit $30 per user - Pay by monthly credit card debit $25 per user - Pay by monthly credit card debit $18.

https://www.nbr.co.nz/economics/economy-march-quarter/

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