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Al Jazeera

Business

New Zealand exits recession, but economic troubles linger

New Zealand Recession Nicola Willis GDP Immigration

New Zealand has experienced two recessions during the past 18 months [Jason Reed/Reuters]

New Zealand’s economy has crawled out of recession after back-to-back downturns in the span of 18 months.

Gross domestic product (GDP) grew 0.2 percent in the first three months of the year, official figures showed on Thursday, after a 0.1 percent contraction during the previous quarter.

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