New Zealand slips into second recession in 18 months - RocketNews
New Zealands gross domestic product shrank by 0.1 percent during the October-December period, following a 0.3 percent contraction in the third quarter. Economists traditionally define a recession as two consecutive quarters of negative growth. The downturn also comes despite record inward migration to New Zealand that saw more than 133,000 net arrivals over the past year.