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Aggressive Rate Hikes Push New Zealand into Recession

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 ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing 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&#

Digital Desk of Action News 5

Live interviews and news of the day... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Action News 5 Digital Desk is a leading online news platform that delivers comprehensive news coverage to people across the world. It is the digital counterpart of WMC-TV, a popular television news channel based in Memphis, Tennessee. Started in 2016, the Action News 5 Digital Desk has quickly become a trusted source of news for people in the Memphis metropolitan area and beyond. The Digital Desk covers all types of news, including local, national, and international news. The platform also delivers weather updates, sports and entertainment news, and breaking news stories. It operates 24/7, ensuring that audiences never miss a beat, and can watch anytime and anywhere. One of the most significant advantages of the Action News 5 D