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New Zealand: Economy slips into recession
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<blockquote data-quote="John Dutton" data-source="post: 28949585" data-attributes="member: 583059"><p><strong>New Zealand's economy has fallen into recession after the country's central bank aggressively raised interest rates to a 14-year high.</strong></p><p>Its gross domestic product (GDP) fell by 0.1% in the first three months of the year, <a href="https://www.stats.govt.nz/news/economic-activity-falls-0-1-percent-in-the-march-2023-quarter/" target="_blank">official figures show</a>.</p><p>That followed a 0.7% contraction in the previous quarter, which means the economy is in a "technical recession".</p><p>The Reserve Bank of New Zealand (RBNZ) has increased the cost of borrowing sharply since October 2021.</p><p></p><p></p><p><a href="https://www.bbc.com/news/business-65911732" target="_blank">https://www.bbc.com/news/business-65911732</a></p><p></p><p></p><p><strong><span style="font-size: 26px">New Zealand</span> </strong><span style="font-size: 22px">අයියලා අක්කලා පොඩි update එකක් දෙන්න අපිට. යන්න බලන් ඉන්න නංගිලා මල්ලිලට වැදගත් වෙයි.</span></p></blockquote><p></p>
[QUOTE="John Dutton, post: 28949585, member: 583059"] [B]New Zealand's economy has fallen into recession after the country's central bank aggressively raised interest rates to a 14-year high.[/B] Its gross domestic product (GDP) fell by 0.1% in the first three months of the year, [URL='https://www.stats.govt.nz/news/economic-activity-falls-0-1-percent-in-the-march-2023-quarter/']official figures show[/URL]. 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. [URL]https://www.bbc.com/news/business-65911732[/URL] [B][SIZE=7]New Zealand[/SIZE] [/B][SIZE=6]අයියලා අක්කලා පොඩි update එකක් දෙන්න අපිට. යන්න බලන් ඉන්න නංගිලා මල්ලිලට වැදගත් වෙයි.[/SIZE] [/QUOTE]
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