Economy

Five charts that hint at a recession in NZ

Andy Fyers
Wed, 13 Jul 2022

Five charts that hint at a recession in NZ
Several economic indicators suggest a recession could be underway. (Image: Depositphotos)
Andy Fyers
Wed, 13 Jul 2022
An economic contraction is a serious possibility for New Zealand in the next two years and it's possible a technical recession (two consecutive quarters of falling economic growth) has already occurred.The economy was 0.2% smaller in the first quarter of 2022 and we won't know for sure what happened in the second quarter until September.But there are plenty of leading economic indicators that are flashing red right now.Consumer confidenceThe most concerning of these is consumer sentiment. The latest ANZ-Roy Morgan consumer confidence da...

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