NZ economy pulls away from recession

By Agence France-Presse

Sep 22, 2023 12:01 am

The country narrowly avoided a recession in the first quarter of 2023, revised figures from Stats NZ showed.

Quarterly economic output was actually flat in the January-March period ― rather than shrinking 0.1 percent as earlier estimated, it said. The economy had already contracted in the final quarter of 2022.

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