New Zealand economy exits recession, but remains at risk
New Zealand has emerged from a recession that saw two consecutive quarters of economic contraction within an 18-month span. Official figures released on Thursday revealed that the country’s gross domestic product (GDP) grew by 0.2 percent in the first quarter of the year, following a 0.1 percent decline in the previous quarter. This modest growth, driven primarily by population increases due to record-high immigration, has not dispelled concerns about the underlying health of the economy. Economic growth driven by population increaseWhile the slight uptick in GDP surpassed expectations, it was...