Economy

Latest GDP figures show NZ is in recession

17:07 pm on 15 June 2023

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The latest stats out today confirm the country has entered a recession, by a whisker, with negative growth in the last quarter of 2022 and the first three months of this year.

National's raising the alarm, calling it a red light warning for an "incredibly fragile" economy, but the Government says better times are ahead.

Here's our deputy political editor Craig McCulloch.