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Living standards walloped as per capita recession drags on

September 18, 2023 - 14:30 -- Admin

New Zealand’s March quarter national accounts were released on 15 June and report that GDP fell by 0.1% in the March quarter, following a 0.7% drop in the previous quarter. As a result, New Zealand saw two quarters of “negative growth”, putting the country in a “technical recession”. Per capita outcomes were much worse. Real

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