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New Zealand's economy enters recession as GDP contracts, triggering currency depreciation.
New Zealand's economy entered a recession with its GDP contracting by 1.0% in the third quarter, worse than expected.
This poor performance has led to a depreciation of the New Zealand dollar against the US dollar.
The Reserve Bank of New Zealand may consider further lowering interest rates due to the weak economic data.
The NZD is also influenced by China's economy and dairy prices, key factors in New Zealand's exports.
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La economía neozelandesa entra en recesión a medida que se contrae el PIB, lo que desencadena la depreciación de la moneda.