New Zealand’s economy contracted 12.2% in the June quarter, the biggest drop in GDP since records began in 1987, according to Stats NZ, New Zealand’s official data agency. The country is now in its worst recession since 2010.
New Zealand enters recession after record fall in GDP
Posted By The Media Line Staff On InNew Zealand’s economy contracted 12.2% in the June quarter, the biggest drop in GDP since records began in 1987, according to Stats NZ, New Zealand’s official data agency. The country is now in its worst recession since 2010.