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New Zealand may already be in recession: Treasury

Source: Lateline
Published: Tuesday, August 5, 2008 7:56 AEST
Expires: Monday, November 3, 2008 7:56 AEST

The New Zealand Treasury Department says it is already too late to avoid a recession. A Treasury Report forecasts the New Zealand economy will contract for the second successive quarter.

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Tags: business-economics-and-finance, economic-trends, new-zealand

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