The March quarter fall in GDP was small, but there are worries a bigger shrinkage may be on the way. READ MORE:* GDP falls 0.2%: NZ 'halfway down the road to recession', says ACT Party* The Fed’s flawed plan to avoid a recession* Cheat sheet: What is 'GDP' anyway? What will the fall in GDP mean for interest rates? Over the same period, the US has seen its GDP rise 2.8% and the EU experienced only 0.8% growth, while Japan’s GDP is still 0.7% below its pre-Covid level. The Government’s critics are likely to blame it for the fall in GDP, at least in part.

Source: Stuff June 16, 2022 19:08 UTC