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Ben McKay

REVEALED: Recession or not new zealand gdp growing again | Vintage Vibes

Recession New Zealand GDP Stats NZ Nicola Willis Grant Robertson Economy NZ National

In the early 1990s, Australia endured a recession it "had to have", according to then-treasurer Paul Keating.

On Thursday, New Zealand exited a recession it didn't actually have, according to Finance Minister Grant Robertson.

For the past three months, Kiwis had been under the impression their economy had fulfilled the technical definition of a recession: contracting in two straight quarters.

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