The data is in, and New Zealand is officially into a technical recession. New figures from Stats NZ show GDP fell 0.1 percent in the March quarter- the second consecutive quarter of negative growth. NZ Herald business editor Liam Dann says there could be another bump that puts pressure on the Reserve Bank, but the GDP figure make it likely the bank won't increase rates. LISTEN ABOVE

Source: New Zealand Herald June 16, 2023 02:45 UTC