New Zealand’s economy has entered a recession.
The nation’s GDP fell 0.1 per cent in the final three months of last year when compared to the September quarter, which experienced a 0.3 per cent decline.
“New Zealand’s Finance Minister Nicola Willis says that this has hit earlier and faster than what was anticipated,” Sky News Reporter Jack Nyhof said.
“New Zealand is now going backwards.
“That latest data shows gross domestic product is weakening again, which means an official recession has hit the country.”
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