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New Zealand's economy enters recession with two straight quarters of GDP decline.
New Zealand's economy has fallen into a recession, marked by two consecutive quarters of decline.
The third quarter saw a 1% drop in GDP, following a revised 1.1% drop in the second quarter.
This economic downturn was more severe than initially expected, indicating a significant contraction in the country's economy.
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La economía de Nueva Zelanda entra en recesión con dos trimestres consecutivos de disminución del PIB.