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Was New Zealand in a recession last quarter?

Author
Newstalk ZB,
Publish Date
Thu, 20 Jun 2024, 8:00am
Photo / Getty Images
Photo / Getty Images

Was New Zealand in a recession last quarter?

Author
Newstalk ZB,
Publish Date
Thu, 20 Jun 2024, 8:00am

We'll know later today whether New Zealand was in a technical recession last financial quarter.

Gross Domestic Product figures for the three months to March are released later this morning.

ASB is forecasting a 0.1% rise.

Senior economist Kim Mundy told Mike Hosking that they're not expecting another recession, but neither are they expecting strong growth.

She says they think the second quarter will actually be worse.

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