A shopper walks past a jewelry store in Auckland, New Zealand, Tuesday, March 19, 2024. New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand's official statistics agency, Stats NZ, announced on Thursday, March 21. (Jason Oxenham/New Zealand Herald via AP)
A shopper walks past trollies at a homewares store in Auckland, New Zealand, Tuesday, March 19, 2024. New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand's official statistics agency, Stats NZ, announced on Thursday, March 21. (Jason Oxenham/New Zealand Herald via AP)
FILE - Shipping containers are moved at the Port of Lyttelton near Christchurch, New Zealand, on Sept. 17, 2020. New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand's official statistics agency, Stats NZ, announced on Thursday, March 21, 2024. (AP Photo/Mark Baker, File)
Commuters walk in the early morning summer sun in Auckland, New Zealand, Wednesday, Feb. 14, 2024. New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand's official statistics agency, Stats NZ, announced on Thursday, March 21. (Michael Craig/New Zealand Herald via AP)