New Zealand Felt a Recession Could Be Necessary to Tame Inflation. It Got One.

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New Zealand’s economy contracted for consecutive quarters as interest-rate rises bit hard

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https://www.wsj.com/articles/new-zealand-felt-a-recession-could-be-necessary-to-tame-inflation-it-got-one-e4abaef ByA shallow recovery could put New Zealand at the forefront of a global pivot to cutting interest rates.

 

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