The NZ Economy is still in a recession, but this could be good news for property investors. GDP Data Confirms Recession Is Ongoing Stats NZ’s latest GDP figures have confirmed what most households and businesses have felt for some time: the New Zealand economy is still stuck in recession. According to the data, the economy shrank by 0.9% in the June quarter , not even remotely in line with expectations from the Reserve Bank and major bank economists who were forecasting a sm