The Government says it's obvious the economy has started slowing.
GDP declined 0.6 percent for the four months to December, following three months of positive growth for the September quarter.
We are still waiting on data for the current quarter however if that too is negative, then it's a technical recession.
Finance Minister Grant Robertson says that recent weather events haven't helped.
He says economists have told him how hard it's been to predict anything since Covid so they have to wait and see, but there has clearly been some softening.
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