Discover the meaning of words According To Recent Economic Statistics, New Zealand Is Now Officially In …? with our comprehensive language meaning dictionary. Enhance your vocabulary and grasp the nuances of various terms. Find synonyms, antonyms, and examples to boost your language skills. Search through a vast collection of words and unlock their true meanings. New Zealand is officially in a recession according to recent economic statistics. The country's GDP Enlighten yourself with the knowledge of language and express yourself with clarity. Start exploring our language meaning dictionary now, with us Inquire Knowledge.
New Zealand is officially in a recession according to recent economic statistics. The country’s GDP shrank by **12.2{64145b7dba5db8f1ee93b8eefc0468b994249905d3feff6a5d4db169cc5a7983}** between April and June 2020 due to strict measures in response to the Covid-19 pandemic. The GDP fell **0.1 percent** in the March 2023 quarter, following a **0.7 percent** fall in the December 2022 quarter. However, the gross domestic product in current prices in New Zealand is forecast to increase between 2023 and 2028 by in total **49.4 billion U.S. dollars (+19.61 percent)**.
New Zealand has a mixed economy – a free market with some state ownership and control. In mid-March 2020, the New Zealand Government imposed a four-tier alert level system, which placed much of the country’s economy into lockdown with the exception of essential services such as supermarkets.
The economy of New Zealand is a highly developed free-market economy. It is the **52nd** -largest national economy in the world when measured by nominal gross domestic product (GDP) and the **62nd** -largest in the world when measured by purchasing power parity (PPP).
Here are some websites that discuss According To Recent Economic Statistics, New Zealand Is Now Officially In …?:
– [BERL](https://www.berl.co.nz/economic-insights/new-zealand-officially-recession)
– [Wikipedia](https://en.wikipedia.org/wiki/Economic_history_of_New_Zealand)
– [Bloomberg](https://www.bloomberg.com/news/articles/2023-06-14/new-zealand-falls-into-recession-as-gdp-drops-in-first-quarter)
– [Stats NZ](https://www.stats.govt.nz/indicators/gross-domestic-product-gdp)
