New Zealand enters recession, economy sees worst downturn since 1991, currency hits new low

New Zealand’s economy shrank by 1% in the third quarter. This was worse than predicted. The country is now officially in recession. The New Zealand dollar fell sharply. The government and opposition blame each other for the downturn. Experts warn this could lead to job losses. The economy is expected to improve next quarter. New Zealand’s economy shrank by 1% in the third quarter. This was worse than predicted. The country is now officially in recession. The New Zealand dollar fell sharply. The government and opposition blame each other for the downturn. Experts warn this could lead to job losses. The economy is expected to improve next quarter.  Economic Times