Global Banking Monitor

Sunday, September 8, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...
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New Zealand’s Economy Enters Recession as Higher Interest Rates Take Toll

By Pete Sadler
Photo by Stephen Tafra on Unsplash

New Zealand’s economy has dipped into recession as higher interest rates take their toll, new figures released Thursday show.

Gross domestic product fell by 0.1% in the March quarter, following a revised 0.7% fall in the previous quarter, Statistics New Zealand said. That fulfils the nation’s definition of a recession, which is at least two consecutive quarters of negative growth.

Read More : New Zealand’s Economy Enters Recession as Higher Interest Rates Take Toll

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