After a more hopeful period, business confidence and consumer confidence has slumped again.
New data for March indicates businesses and consumers are back to feeling negative about the state of the economy.
NZ Herald business editor at large Liam Dann says the 'recession' headline comes with a lot of power to sway markets.
LISTEN ABOVE

Enda Brady: UK correspondent speaks ahead of Trump appearance at NATO summit
03:54

Hamish McKay: The Country spokesperson on the impacts of the rain in Kaikōura
03:25

The Huddle: Should we be worried about China?
09:29