Double-dip threat casts its shadow over NZX

It’s hard to ignore the 11-month stretch of shrinking manufacturing activity and flaky services sector activity in the BNZ’s long-running surveys. (Image: Getty)

Paul McBeth

Tue, 12 Mar 2024

New Zealand’s economy is dragging its knuckles on the ground at the moment, and another headline contraction would tip us into a double-dip recession in all its George Constanza-like glory. Not too many people are picking a recession when the December quarter gross domestic product figures are released on March 21, due largely to the inflow of new migrants bolstering the aggregate figures. In saying that, things are already dire at the per capita level with four quarters in a row of shrinking activity, putting it in the realms o...

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