New Zealand Recession 2024 Predictions. Bnz’s research team believes the. Its two consecutive periods of negative growth put new zealand in a recession to finish off 2023—bad news for the economy so soon after its previous recession 18 months.
Asb is predicting a 2 per cent contraction to gross domestic product (gdp) by early 2024, which is double the 1 per cent economic shrink that the bank forecast in its last quarterly update. New zealand’s economy exited recession with modest expansion in the first quarter.
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