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Business

Ben McKay

MYSTERIOUS: New zealand gdp down 0 6 per cent in q4 2022 | Mind Blowing Facts

GDP New Zealand Economy Grant Robertson Stats NZ RBNZ Reserve Bank

NZ is battling to regain tourist numbers from pre-COVID, despite lifting its last restrictions. (Andrew Cornaga/AAP PHOTOS) (AAP)

New Zealand's economy shrank by 0.6 per cent in the final quarter of 2022, a greater contraction than expected.

Market expectation was for an 0.2 per cent fall in the December quarter, suggesting a predicted shallow recession may arrive ahead of time.

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