this post was submitted on 14 Jun 2023

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New Zealand officially in recession as GDP falls for second quarter (www.rnz.co.nz)

submitted 1 year ago by Whitt@lemmy.nz to c/newzealand@lemmy.nz

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[–] Dave@lemmy.nz 1 points 1 year ago

I'm not sure, but it might be to do with the Federal Reserve indicating they will add another 50bp to rates by the end of the year. But I'm no expect, I just looked at a currency graph to check USD against some major currencies.