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AAP
AAP
Ben McKay

New Zealand GDP falls, past recession revealed

New Zealand's economy shrunk by 0.3 per cent in the September quarter in a shocking and surprise result below all predictions.

Stats NZ released gross domestic product (GDP) figures on Thursday, which painted a dire picture of the Kiwi economy.

It revised growth figures for the first half of 2023 down, which meant New Zealand suffered a technical recession at the start of the year.

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