New Zealand is enduring a double-dip recession, with GDP figures confirming another quarter of contraction to close out 2023.
New Zealand's economy shrank by 0.1 per cent in the quarter to December, and 0.7 per cent in per capita terms, the country's official data agency, Stats NZ, revealed on Thursday.
Following a 0.3 per cent contraction in the September quarter, that fulfils the technical definition of a recession - New Zealand's second contractionary event in the past 18 months.
