New Zealand’s Recession: Unpacking the Causes, Impacts, and Future Outlook
New Zealand’s economy has officially entered a recession, with GDP contracting by 1.0% in the third quarter of 2024. This marks the second consecutive quarterly decline, following a revised 1.1% contraction in Q2, and highlights the nation’s most significant economic downturn since 1991 (excluding the pandemic years). The recession has sparked widespread concerns about its … Read more