Financial Times FT.com

New Zealand climbs out of recession

By Elizabeth Fry in Sydney

Published: September 23 2009 03:56 | Last updated: September 23 2009 03:56

The New Zealand economy grew in the second quarter, for the first time since the end of 2007, marking the end of a prolonged recession.

Gross domestic product rose by 0.1 per cent in the June quarter – after five consecutive quarters of contraction.

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