New Zealand Slips into Recession as GDP Falls 0.1% in March Quarter

New Zealand’s economy has slipped into a recession, as the first-quarter Gross Domestic Product (GDP) fell by 0.1 percent. This decline follows a revised 0.7 percent drop in GDP in the fourth quarter of 2022, meeting the technical definition of a recession.
The country’s economic downturn can be attributed to a combination of factors, including measures taken by the central bank to combat inflation and the adverse effects of natural disasters.

WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share
About Author:
S
Shiva Ram     View Profile
Student by profession Haters keep away from me Don't overthink, just do you job Birthday on 12 Dec Shivram

Discusssion

Login to discuss.