NZ leaves recession behind as 4Q GDP lifts 0.7%

(Image: Getty)

Thu, 20 Mar 2025

New Zealand’s gross domestic product (GDP) rose 0.7% in the December 2024 quarter, after a 1.1% decrease in the September 2024 quarter, according to figures released by Stats NZ today.Eleven of the 16 industries increased this quarter. The largest rises were from rental, hiring and real estate services; retail trade and accommodation; and healthcare and social assistance.”Higher spending by international visitors led to increased activity in tourism-related industries such as accommodation, restaurants and bars, transport, and vehic...

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