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flag New Zealand's economy enters recession as GDP contracts, triggering currency depreciation.

flag New Zealand's economy entered a recession with its GDP contracting by 1.0% in the third quarter, worse than expected. flag This poor performance has led to a depreciation of the New Zealand dollar against the US dollar. flag The Reserve Bank of New Zealand may consider further lowering interest rates due to the weak economic data. flag The NZD is also influenced by China's economy and dairy prices, key factors in New Zealand's exports.

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