New Zealand's economy has barely escaped another technical recession. 

New Stats NZ figures show our Gross Domestic Product contracted 0.2% in the three months to June. 

Its revised figures downgrade the March quarter to show the economy grew just 0.1%, not the 0.2% initially estimated. 

Herald Business Editor at Large Liam Dann told John McDonald that minimal growth kept us out of another technical recession but doesn't change reality. 

He says with a lot of migration gains and population growth, on a per capita basis we're still in a recession. 

LISTEN ABOVE 

• GDP falls 0.2%: 'Effectively a recession that's lasted two years' - economist