The economy of New Zealand enters recession after gross domestic product (GDP) fell 0.1% in the March quarter, as the central bank raises interest rates to a 14-year high. Annual growth slows to 2.2%, according to Statistics New Zealand.
The economy of New Zealand enters arecession after gross domestic product fell 0.1% in the March quarter, as the central bank raises interest rates to a 14-year high. Annual growth alsoslowed to 2.2%, according to Statistics New Zealand.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/4RFPRPOVKJMTVEYHWONTIXZREI.jpg "New Zealand dips into recession, putting rate hikes in doubt © Reuters")