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Reuters

Reuters

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Business & Economics

New Zealand sinks into recession, more rate cuts coming

Reuters
Summary
Nutrition label

77% Informative

The shock news sent the local dollar to a fresh two-year low of $ 0.5617 .

Markets added to wagers the Reserve Bank of New Zealand would slice rates further.

The June quarter was revised to show a fall of 1.1% , and two straight quarters of decline is the technical definition of recession.

This was the largest two-quarter decline since the painfully deep downturn of 1991 .

VR Score

90

Informative language

99

Neutral language

27

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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