Focue Provides the Latest and Most Up-to-Date News, What You Focus On is What You Get.
⎯ 《 Focue • Com 》

New Zealand: Economy slips into recession after interest rate hikes

2023-06-15 11:52
The country's central bank has aggressively raised interest rates since October 2021.
New Zealand: Economy slips into recession after interest rate hikes

New Zealand's economy has fallen into a recession after the country's central bank aggressively raised interest rates to a 14-year high.

Its gross domestic product (GDP) fell by 0.1% in the first three months of the year, official figures show.

That followed a 0.7% contraction in the previous...