Economy / Politics

ACT deputy Brooke Van Velden on NZ's recession figures

05:47 am on 16 June 2023

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Latest figures show the country has tipped into recession and economists are warning the decline will continue for some time. The economy contracted for two consecutive quarters, with gross domestic product falling by a seasonally adjusted 0.1 percent in the three months ended March. The ACT Party says it's excessive government borrowing that's led to a weak economy. Joining Nathan Rarere is deputy leader Brooke Van Velden.