New Zealand’s economy may have contracted for a second consecutive quarter, putting it into recession sooner than the central bank expected.
Gross domestic product fell 0.1% in the first quarter from the fourth, when it dropped 0.6%, according to the median forecast in a Bloomberg survey of economists. The Reserve Bank predicts 0.3% growth. Statistics New Zealand releases the GDP report at 10:45 a.m. Thursday in Wellington.
Read More : New Zealand Potentially Enters Recession Earlier Than Anticipated by RBNZ