REUTERS: WELLINGTON, March 24 (Reuters) - New Zealand's economy contracted 0.1 percent in the fourth quarter on a seasonally adjusted basis, according to official data on Friday...
Recession, Definition: A recession is defined to be a period of two quarters of negative GDP growth.
So we're not there yet. But hasn't Alan Bollard done well.
LINK: TABLE-NZ Q4 gross domestic product falls 0.1 pct - Reuters Business
Questions, rhetorical & otherwise, about Reserve Bank meddling - Not PC
TAGS: Economics, Politics-NZ