It's official - the economy has contracted. Gross Domestic Product fell 0.2 percent in the March 2022 quarter, according to the latest data from Stats NZ, just released.
This compares with a rise of 3.0 percent in the December 2021 quarter.
The annual rate of GDP slowed to 1.2 percent from 3.1 percent in 2021.
Meanwhile the local share market has posted its first substantive gain in more than a week, following the positive mood on Wall Street, after the US Federal Reserve hiked interest rates to get inflation under control.
Kathryn speaks with RNZ Business Editor Gyles Beckford.
