New Zealand's economy has entered a technical recession as the central bank's aggressive rate hiking cycle continues to bite. GDP fell 0.1% on-quarter in the first three months of the year -- in line with Bloomberg estimates. It comes after a revised 0.7% contraction in Q4. The economy expanded 2.2% on-year in the March quarter. Weaker manufacturing and slumping retail trade were among the biggest drags. Subscribe to our channel here: Subscribe to our news service on Telegram: Subscribe to our news channel on WhatsApp: Follow us: CNA: CNA Lifestyle: Facebook: Instagram: Twitter: TikTok: ... ( read more )
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New Zealand's economy has hit a stumbling block as the country finds itself slipping into recession following a period of aggressive interest rate hikes. The Reserve Bank of New Zealand...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)