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AAP
AAP
Ben McKay

'Miserable' GDP result as New Zealand shrinks again

The NZ economy contracted by 0.2 per cent in the quarter to June, and 0.2 in the previous 12 months. (Dave Hunt/AAP PHOTOS)

New Zealand's economy has again gone backwards, with new GDP data confirming the depths of its economic malaise.

On Thursday, Stats NZ confirmed the Kiwi economy contracted by 0.2 per cent in the quarter to June, and 0.2 in the previous 12 months.

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