The conservative coalition government defended its "respect for taxpayers' money" as the opposition accused it of feeding a "recessionary fire". The economy has ...
Widespread weakness across sectors, declining household and government spending, and a shrinking GDP per capita have created difficulties for New Zealand.
New Zealand's economy recorded a sharper-than-expected contraction in the July-September quarter, marking its second consecutive quarter of decline and ...
Stats NZ data shows gross domestic product, the broad measure of economic growth, fell 1 percent in the three months ended September, to be 1.5 percent lower ...
New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected.
'This isn't a wake-up call; it's an alarm. The economic situation is worse than we thought, and workers are bearing the brunt,' Craig Renney, economist at ...
New Zealand's economy suffered a deeper-than-expected recession in the second and third quarters as high interest rates curbed demand.
The forecasts show the Government has lost control of it's spending, spending growth is well outpacing revenue growth making a balanced budget impossible.
New Zealand's economy entered a recession in Q3, with GDP falling 1.0%, far exceeding expectations.