New Zealand's economy has fallen into recession after the country's central bank aggressively raised interest rates to a 14-year high.
Its gross domestic product (GDP) fell by 0.1% in the first three months of the year, official figures show.
That followed a 0.7% contraction in the previous quarter, which means the economy is in a "technical recession".
The Reserve Bank of New Zealand (RBNZ) has increased the cost of borrowing sharply since October 2021.
https://www.bbc.com/news/business-65911732
New Zealand අයියලා අක්කලා පොඩි update එකක් දෙන්න අපිට. යන්න බලන් ඉන්න නංගිලා මල්ලිලට වැදගත් වෙයි.
Its gross domestic product (GDP) fell by 0.1% in the first three months of the year, official figures show.
That followed a 0.7% contraction in the previous quarter, which means the economy is in a "technical recession".
The Reserve Bank of New Zealand (RBNZ) has increased the cost of borrowing sharply since October 2021.
https://www.bbc.com/news/business-65911732
New Zealand අයියලා අක්කලා පොඩි update එකක් දෙන්න අපිට. යන්න බලන් ඉන්න නංගිලා මල්ලිලට වැදගත් වෙයි.