New Zealand Recession 2024

New Zealand Recession 2024. New zealand's central bank slashed its benchmark rate for the first time since march 2020 and flagged more cuts over coming months, saying inflation was. Liam rātana thu, 21 mar 2024.

Stats nz has revealed the economy was in recession over the second half of last year. Given new zealand has been in recession for most of the past two years, the surprise was that the rbnz was so shocked by the latest sudden downturn.