New Zealand dips into recession, putting rate hikes in doubt
New Zealand slipped into recession as the economy shrank in the first quarter, data showed on Thursday, reducing the risk the central bank would need to hike interest rates further but creating a new headwind for the government’s re-election hopes. Gross domestic product (GDP) matched analysts’ expectations of a 0.1% contraction in the March quarter […]
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New Zealand slipped into recession as the economy shrank in the first quarter, data showed on Thursday, reducing the risk the central bank would need to hike interest rates further but creating a new headwind for the government’s re-election hopes. Gross domestic product (GDP) matched analysts’ expectations of a 0.1% contraction in the March quarter […]
