The recession that wasn't
Jul 11, 2023•14 min
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Episode description
New Zealand's gross domestic product declined in the three months to March 2023, making for the second consecutive quarter of contraction. Since these figures were released last month it’s been widely reported that the New Zealand economy has experienced a recession. Is that really the case though, and was the contraction big enough or the weakness widespread enough for us to consider this a genuine recession?
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