New Zealand's Economy Enters into Recession The drop in gross domestic product for the first three months followed a 0.7 percent fall in the December 2022 quarter
New Zealand's economy entering into a recession signifies a sustained period of economic decline, characterized by reduced growth, increased unemployment, and decreased business activity.
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New Zealand's economy has entered a recession, marked by shrinking GDP, rising unemployment, declining consumer spending, and business closures for more info visit our Universe Headline
