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

Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025
Tariff-led fall in NZ export demand less than in GFC: RBNZ
Economy

Tariff-led fall in NZ export demand less than in GFC: RBNZ

RBNZ's Paul Conway concluded that global supply chains were becoming less efficient.

Staff reporters 24 Jul 2025
Northland targets $60b regional economy by 2050
Primary Sector

Northland targets $60b regional economy by 2050

The bullish goal represents a six-fold increase over 2024 figures.

Oliver Lewis 24 Jul 2025
No sign 10% tariff will increase but uncertainty remains: Mfat
Economy

No sign 10% tariff will increase but uncertainty remains: Mfat

Ongoing uncertainty is of concern for New Zealand exporters, an Mfat spokesperson says.

Rebecca Howard 24 Jul 2025