WELLINGTON (Reuters) -New Zealand's economy shrank in the first quarter as the central bank's aggressive hiking of interest rates to a 14-year high hurt businesses and manufacturers, while bad weather hit farms, putting the country into a technical recession. With two quarters of negative growth, the country is now in a technical recession. Annual growth slowed to 2.2%, Statistics New Zealand data showed.
WELLINGTON June 15 Xinhua The New Zealand economy has signaled a recession as the gross domestic product GDP fell for the second quarter according to q