Regions New Zealand
New Zealand enters recession, economy sees worst downturn since 1991, currency hits new low
New Zealand's economy shrank by 1% in the third quarter. This was worse than predicted. The country is now officially in recession. The New Zealand dollar fell sharply. The government and opposition blame each other for the downturn. Experts warn t
New Zealand's economy officially entered a recession in the third quarter of this year, with gross domestic product (GDP) shrinking by 1.0 percent between July and September, according to data releas… [+2966 chars]
