New Zealand's Gross Domestic Product figures for the June quarter, released today, show weak growth in the New Zealand economy, bringing the country technically out of recession.

The .1% growth is the first time growth has been recorded in over a year.

But Forsyth Barr financial analyst Haley Paterson is sceptical; she says whilst this is good news and helps with the initial steps of recovery, the Reserve Bank will still be sending cautionary reminders to the New Zealand public about jumping on the bandwagon of debt.

The current account deficit, as a percentage of GDP, is at its lowest levels since September 2004.