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NZ economy narrowly escapes recession, GDP falls 0.2%
The economy is likely to have contracted in the second quarter as high interest rates took their toll on consumption, economists say. Fresh GDP data for the second quarter of 2024 is due today at 10.45am.
New Zealand’s economy moving backward amid fresh GDP figures
Fresh GDP figures from New Zealand show the country’s economy is moving backward. Despite the negative growth, recent interest rates are fueling business confidence. Sky News New Zealand correspondent Jack Nyhof says the economic statistics are “gloomy”.
New Zealand's Economy Slows Again As Recession Looms
New Zealand's economy shrank in the second quarter, according to official data Thursday, pushing the country close to recession.
New Zealand faces another recession after economy contracts in second quarter
WELLINGTON - New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected. Gross domestic product declined 0.2 per cent from the previous quarter,
19h
I took a 13-hour flight to New Zealand from LA. Here are 8 mistakes I made.
Business Insider's reporter didn't pack healthy snacks or drink nearly enough water on a 13-hour Air New Zealand flight to ...
1d
The ‘biggest risk’ to NZ businesses
New Zealand businesses must be better prepared for increasingly severe, sophisticated, and frequent cyber-attacks, a leading ...
4d
NZD/USD holds steady around 0.6150 following an improved Business NZ PSI
NZD/USD holds ground following the release of an improved Business NZ Performance of Services Index on Monday. The Business ...
1d
GDP: NZ's "still very much in recession" on a per capita basis - Liam Dann
New Stats NZ figures show our GDP contracted 0.2% in the three months to June, narrowly avoiding another technical recession.
1d
NZ regulator to sue Jetstar over misleading compensation claims
New Zealand's competition watchdog will take Qantas' low-cost arm Jetstar to court alleging the airline misled consumers ...
Couriermail on MSN
15h
‘Destroyed capital’: Investor calls for Woolworths to ditch Big W and New Zealand operations
But a Woolworths Group spokesperson said there were no plans to sell Big W or the
New Zealand
Supermarkets
Business
.
4d
New Zealand Moves to Change Law After Uber Loses Contractor Case
New Zealand is changing the law to protect businesses when contractors claim they are employees and therefore entitled to ...
1d
I visited Waiheke Island, the 'Hamptons of New Zealand,' where Taylor Swift has vacationed and the ultra-rich reside. Take a look around.
Business Insider's writer visited New Zealand's Waiheke Island to see how rich residents live and how stars like Beyoncé and ...
1d
New Zealand Economy Shrinks Less Than RBNZ Expected
New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the ...
9d
NZ's Manawa Energy soars on Contact Energy's buyout offer
New Zealand's Manawa Energy stock was on track for its best day on Wednesday after Contact Energy offered to acquire the renewable energy developer for NZ$1.86 billion ($1.14 billion).
7h
NZ shares end week with big fall - Market close
The index finished the week down nearly 2.8% and is now 6.2% ahead for the year.
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