New Zealand economic growth in the October to December 2022 quarter
GDP (sa) -0.6% q/q
expected -0.2%, prior 2.0%
GDP +2.2% y/y
expected +3.3%, prior 6.4%
The Reserve Bank of New Zealand has been saying for months and months and months that it'll hike rates into the recession. We're halfway there.
Careful what you wish for.
