Recession

2024 - 3 - 21

New Zealand Plunges into Recession - What's Next for the Economy?

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Discover the latest on New Zealand's recession and the government's plan for recovery in the next 100 days!

New Zealand is facing economic turmoil as it slips into a recession, with the GDP dropping by 0.1% in the December 2023 quarter. Weak consumer spending and wholesale trade have contributed to this downturn, marking the country's second recession in just 18 months. Stats NZ reports show a consistent decline in GDP over multiple quarters, raising concerns about the nation's financial stability. Prime Minister Christopher Luxon has outlined the government's strategy for the next 100 days to combat the recession and stabilize the economy, attributing the current situation to the previous Labour Government.

In light of the challenging economic climate, New Zealanders are bracing themselves for tough times ahead. The dwindling GDP per capita by 0.7% and the 1.4% fall in real gross national disposable income paint a grim picture of the financial landscape. Despite these setbacks, there is hope on the horizon as the government unveils its plan to navigate through the recession and pave the way for recovery.

As the country grapples with its economic woes, the impact of the recession extends beyond financial realms. It serves as a stark reminder of the fragility of the economy and the need for sustainable growth strategies. New Zealanders are called upon to adapt to the changing circumstances and seek innovative solutions to weather the storm.

In the midst of uncertainty, one thing remains clear - the resilience of the New Zealand spirit. With a history of overcoming challenges, the nation stands united in the face of adversity, ready to rebuild and emerge stronger than ever before.

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Image courtesy of "RNZ"

Economy slips into recession as GDP falls 0.1% (RNZ)

The economy fell back into recession in the fourth quarter of last year, driven by weak consumer spending and wholesale trade.

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Image courtesy of "New Zealand Herald"

GDP: It's official - we're in recession (New Zealand Herald)

New Zealand has entered recession. Gross domestic product (GDP) fell 0.1 per cent in the December 2023 quarter, compared with the September quarter (which.

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Image courtesy of "Newshub"

GDP falls in latest quarter, New Zealand in technical recession (Newshub)

Gross Domestic Product (GDP) fell by 0.1 percent in the December 2023 quarter, official data found. This is the fourth quarter in the last five where the ...

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Image courtesy of "Otago Daily Times"

Economy slips into recession as GDP falls (Otago Daily Times)

GDP per capita fell 0.7 percent in the last three months of the year, Stats NZ said today. And real gross national disposable income fell 1.4 percent. The ...

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Image courtesy of "Newstalk ZB"

It's official - latest GDP result confirms New Zealand is in recession (Newstalk ZB)

New Zealand has entered recession. Gross domestic product (GDP) fell 0.1 per cent in the December 2023 quarter, compared with the September quarter (which.

New Zealand slips into its second recession in 18 months as ... (The Seattle Times)

Stats NZ said the country New Zealand had returned negative GDP figures in four of the last five quarters, and had a stagnant annual growth rate of just 0.6%.

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Image courtesy of "TVNZ"

NZ in recession after another fall in GDP (TVNZ)

New Zealand's gross domestic product fell 0.1% in the December 2023 quarter, according to figures released by Stats NZ today.

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Image courtesy of "New Zealand Herald"

PM Christopher Luxon outlines Government plan for next 100 days ... (New Zealand Herald)

The Prime Minister has this afternoon laid the blame for New Zealand's recession on the previous Labour Government, saying they should stay out of power for ...

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Image courtesy of "ABC News"

New Zealand slips into its second recession in 18 months as ... (ABC News)

New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of ...

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Image courtesy of "Aljazeera.com"

New Zealand slips into second recession in 18 months (Aljazeera.com)

Political parties trade blame for economic slump that follows aggressive interest rate hikes to tame inflation.

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Image courtesy of "The Associated Press"

New Zealand slips into its second recession in 18 months (The Associated Press)

The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand's official statistics agency, Stats NZ, announced ...

Recession No Surprise As Businesses Struggle With Economic ... (Scoop.co.nz)

EMA Head of Advocacy Alan McDonald says the economy is struggling because inflationary pressures, high interest rates and low consumer confidence are combining ...

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Image courtesy of "RNZ"

New Zealand is in a recession: What you need to know (RNZ)

Stats NZ has said the economy contracted 0.3 percent in the three months ended September, followed by a 0.1 percent contraction in the December quarter. In ...

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Image courtesy of "The Washington Post"

New Zealand slips into its second recession in 18 months as ... (The Washington Post)

New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of ...

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Image courtesy of "Stuff.co.nz"

Five things to know about GDP and the recession (Stuff.co.nz)

Stats NZ released the latest gross domestic product (GDP) data on Thursday, showing that the economy shrank by 0.1% in the December quarter.

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Image courtesy of "RNZ"

New Zealand is in a recession: What you need to know (RNZ)

Stats NZ has said the economy contracted 0.3 percent in the three months ended September, followed by a 0.1 percent contraction in the December quarter. In ...

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Image courtesy of "New Zealand Herald"

Finance minister Nicola Willis on recession, GDP (New Zealand Herald)

Finance minister Nicola Willis spoke to Mike Hosking on Newstalk ZB this morning following the announcement of a recession yesterday . Willis said very high ...

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Image courtesy of "The Wall Street Journal"

New Zealand's Recession Extends Despite Population Surge (The Wall Street Journal)

Gross domestic product growth contracted 0.1% in the fourth quarter and by 0.3% from a year earlier, Stats NZ said Thursday. Economists had expected the economy ...

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Image courtesy of "The Conversation AU"

NZ is in recession – so far there are few signs the government has a ... (The Conversation AU)

The recession also means reduced tax revenues. Logically, something will have to give when Finance Minister Nicola Willis puts the final touches on her first ...

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