New Zealand is set to come out of recession with gradual signs of recovery in the economy. The worst of the crisis seemed to have over, as indicated by migration figures, lower than anticipated unemployment rate, and increase in business confidence level, besides improvement in the real estate segment.

The country's economy, adversely hit due to global financial crisis, has started upward journey for the first time since the breakout of economic crisis in early 2008, as per recently released treasury report. As per department's website, "A small decline in real gross domestic product in the second quarter is likely to represent the last quarter of contraction in the current sequence''.

The Finance department's report predicts small growth in the ongoing quarter, given the improvement in demand led by global recovery. The report states, "Signs of growth in the economy mean it is likely that activity levels and labor demand will exceed those in the budget forecasts.''

New Zealand reported negative growth for two consecutive quarters, adversely impacting employment scenario causing unrest among Kiwis. However, recent employment predictions of 7.5 per cent, as compared to 8 per cent, have brought respite for people.

Katie May, Chief Executive of Kidspot, said: "Modern New Zealand mothers have had to reassess their purchase decisions of late and in many instances has drastically changed the way she has previously shopped for her family.''