‘New Zealand is now going backwards’ Nation enters doubledip recession
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New Zealand’s economy has entered a recession. • The nation’s GDP fell 0.1 per cent in the final three months of last year when compared to the September quarter, which experienced a 0.3 per cent decline. • “New Zealand’s Finance Minister Nicola Willis says that this has hit earlier and faster than what was anticipated,” Sky News Reporter Jack Nyhof said. • “New Zealand is now going backwards. • “That latest data shows gross domestic product is weakening again, which means an official recession has hit the 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