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AAP
AAP
Business
Ben McKay

NZ GDP up three per cent in Q4 2021

NZ Stats NZ

New Zealand has avoided a recession from its Delta outbreak and lengthy Auckland lockdown, returning to growth in the December quarter.

The Kiwi economy shrunk by 3.6 per cent in the September quarter last year, but rebounded by 3.0 per cent for the final quarter of 2021, according to Stats NZ data released on Thursday.

Annual gross domestic product (GDP) growth for the calendar year 2021 was 5.6 per cent.

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