New Zealand Recession 2024 Predictions. It comes after the economy shrank in the last two quarters, moving. 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.
Real gdp contracted in q3 2023, surprising most analysts, including us, to the downside. Its two consecutive periods of negative growth put new zealand in a recession to finish off 2023—bad news for the economy so soon after its previous recession 18 months earlier.