New Zealand is out of recession but still contending with an insipid inflation-battered economy, with new figures showing weak growth.

On Thursday, Stats NZ revealed GDP growth of 0.2 per cent in the March quarter.

Annual growth was also measured at 0.2 per cent in the year to March.

The slight uptick pulls New Zealand out of a technical recession after GDP slides in the last half of 2023, and contractions in four of the five of the last quarters.

However, the anaemic uptick was coupled with a GDP per capita fall of 0.3 per cent, the sixth straight quarter this measure has fallen.

New Zealand is contending with high inflation and rising unemployment a by-product of the country’s attempts to stave off economic troubles during the COVID-19 pandemic.

This post was originally published on Michael West.