Toe-deep recession offers something for everyone

A snapshot of the nation as a whole isn't offering as clear a theme as you might think. (Image: BusinessDesk)

Fri, 16 Jun 2023

New Zealand’s entry into the recessionary shallows has a little something for everyone, feeding doom and gloom to the bears and waving a cerise rag to the bulls. The 0.1% contraction in the March quarter walked the fine line taken among economic forecasters, who collectively were on the side of predicting a recession, but only just. That followed on from a slightly sharper contraction of 0.7% in the December quarter, adjusted from the 0.6% previously reported, but if that’s the worst the recession has to offer, the Reserve...

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