Money Mail 104 - What is a recession?

Published: May 7, 2022, 9:10 p.m.

b'Last week we learnt that in the United States their GDP growth for the first quarter was actually a drop of 1.4%. This wasn\\u2019t expected and the anticipation was that there would be 1% growth. People don\\u2019t like to see drops in quarterly GDP growth. It gets people talking about the R word. Recession! What about here in NZ?

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