What if we’re already in recession?

What if we’re already in recession?
It looks like we're in for stormy weather. (Image: Unsplash)
Jenny Ruth
Is New Zealand already in recession? And what about the rest of the world?Even as central banks display their inflation-fighting derring-do by hiking their key interest rates in almost unprecedented 50-or-75 basis-point (bp) chunks, compared with the more usual 25bp, ominous economic storm clouds are getting thicker and darker.Locally, look no further than our own quarterly survey of business opinion (QSBO) released on Tuesday by the NZ Institute of Economic Research (NZIER), which can only be described as grim.Not only are the inflation indica...

More Finance

Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.

Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Craigs' sweet spot for golden visa investors
Finance

Craigs' sweet spot for golden visa investors

Billionaires can go solo. For other wealthy investors, there's Craigs' new fund.

Net assets down, losses widen in Macquarie Group NZ's FY
Finance

Net assets down, losses widen in Macquarie Group NZ's FY

Financial group books wider full-year loss as net assets slip.

Staff reporters 12 Sep 2025