Five charts that hint at a recession in NZ

Several economic indicators suggest a recession could be underway. (Image: Depositphotos)

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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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy