There will be plenty of what the economists like to call "noise" but there won't be a recession. June quarter GDP figures are due to be released by Statistics New Zealand in the week ahead (Thursday, September 15) and probably the main source of interest in these ahead of time has been whether the economy shrank again. The 'technical' description of a recession is two consecutive quarters of negative GDP growth. For the record, the last time we were in a 'technical recession' was in 2020, when the March and June quarters both recorded negative growth. We may or may not be heading for a recession, but we are certainly heading for a very soggy period.

Source: Stuff September 11, 2022 05:33 UTC