New Zealand Economy Recession. New zealand’s gross domestic product fell 1.0% in the september 2024 quarter.the massive fall came after a revised 1.1% decrease in the june 2024 quarter, according to. New zealand has entered recession.
New zealand’s gross domestic product (gdp) crashed by 1% in the september 2024 quarter, a much larger fall than economists had expected. New zealand has entered its second recession in 18 months after the latest round of gdp figures confirmed its economy contracted in the last quarter of 2023. New zealand’s economy shrank by 1% in the third quarter.