New Zealand officially entered its first recession in almost 10 years on Thursday, with figures from the country's bureau of statistics showing a record contraction of gross domestic product in the latest quarter.The seasonally adjusted 12.2 percent fall in real GDP in the April-June quarter from the previous three months was the largest quarterly fall since record-keeping in its current form began in 1987, the bureau said.The country's economy contracted 1.4 percent in the January-March quarter. A technical recession is defined as two consecutive quarters of negative growth.The bureau said pu...
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