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Politics

Ben McKay

MYSTERIOUS: Recession politics the latest nz labour blow | Mind Blowing Facts

Recession Chris Hipkins NZ Chris Luxon New Zealand National Finance GDP

Auckland floods, Cyclone Gabrielle are behind the NZ recession, Prime Minister Chris Hipkins says. (Andrew Cornaga/AAP PHOTOS) (AAP)

In an election campaign expected to be hyper-tight, a hammer blow arrived for the government in the form of a wafer thin margin.

The Kiwi economy's contraction of just 0.1 per cent, confirmed in GDP data last week, put New Zealand in recession.

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