New Zealand's halfway to a recession
New Zealand's halfway to a recession
16 June 2022
Stats NZ data shows GDP has slumped 0.2 percent in the March 2022 quarter.
It follows three percent growth for the December 2021 quarter.
The big drivers are the primary and goods-producing industries, which have respectively declined 1.2 and 0.1 percent.
It came in a quarter marked by the community spread of Omicron, and reduced travel because of border restrictions.
© 2024 Newstalk ZB, NZCity