New Zealand GDP for Q4 2022 (sa) -0.6% q/q (expected -0.2%)

New Zealand economic growth in the October to December 2022 quarter

GDP (sa) -0.6% q/q

• expected -0.2%, prior 2.0%

GDP +2.2% y/y

• expected +3.3%, prior 6.4%

The Reserve Bank of New Zealand has been saying for months and months and months that it'll hike rates into the recession. We're halfway there.

Careful what you wish for.