There is no recession in New Zealand

There is no recession in New Zealand
(Image: Deposit Photos)
Paul McBeth
New Zealand’s economy will narrowly avoid recession as the combination of a fiscal boost, faster recovery in foreign visitors and the immediate clean-up after the North Island storms stokes activity. The Treasury had been predicting a shallow recession through 2023 as rising interest rates started to bite, but it upgraded its forecast in the budget economic and fiscal update due in part to the government’s more expansionary spending programme providing a 1.7% boost to gross domestic product, having previously been seen as a 0.8...

More Economy

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
India's FTA surge and the implications for New Zealand
Economy

India's FTA surge and the implications for New Zealand

India has signed 13 free trade agreements in five years, but what does this mean for NZ?

Dileepa Fonseka 28 Mar 2024
Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024